Wall Street bounced back from this week’s losses early Wednesday ahead of the latest earnings report from Nvidia, considered a bellwether for artificial intelligence sector.
S&P 500 futures gained 0.3% before the bell, Dow Jones Industrial futures ticked up 0.1% and Nasdaq futures rose 0.4%.
Nvidia reports its earnings for the last quarter after the closing bell. The most influential stock on Wall Street, Nvidia steers the direction of the S&P 500 some days. Fervent demand for its artificial-intelligence chips has helped it briefly top $5 trillion in total value.
Shares of the California company are up about 2% before the market opens.
Target slid 1.9% after its third-quarter profit tumbled and the retailer said that it expects its sales slump to extend through the critical holiday shopping season. The Minneapolis company has struggled to lure inflation-weary shoppers and investors have punished it, sending its shares down 43% over the past year.
