U.S. stock futures opened higher on Thursday, fueled by Nvidia’s strong earnings and a court ruling blocking Trump-era tariffs, though early gains tapered off significantly. The Nasdaq 100 led the advance with a 1.31% rise, while the S&P 500 and Dow futures climbed 0.86% and 0.26%, respectively—well below their intraday peaks above 1%. The mixed momentum reflected lingering market caution despite the dual catalysts.
Nvidia’s blowout results reignited AI-driven optimism, particularly lifting tech stocks, while the tariff ruling eased fears of escalating trade tensions. However, the pared-back gains suggested investors were quick to take profits amid uncertainty over the Fed’s policy path and the durability of the tech rally. The Dow’s underperformance highlighted persistent concerns about broader economic resilience.
With the court decision offering only temporary relief and Nvidia’s surge testing overbought territory, traders turned their focus to upcoming economic data and Fed signals. The muted pre-market action underscored the market’s delicate balance between bullish tech momentum and broader macroeconomic hesitations.
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