Wall Street set to break four-session losing streak, led by Nasdaq after Nvidia earnings pop

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U.S. stock futures point to higher start after a string of losses as traders welcome a bounce in Nvidia shares following the graphics-chip specialist's...

How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA fell 85 points, or 0.26%, to 33045, the S&P 500 SPX declined 6 points, or 0.16%, to 3991, and the Nasdaq Composite COMP gained 15 points, or 0.13%, to 11507.How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA fell 85 points, or 0.26%, to 33045, the S&P 500 SPX declined 6 points, or 0.16%, to 3991, and the Nasdaq Composite COMP gained 15 points, or 0.13%, to 11507.

“U.S. equity futures are in the positive this morning, with Nasdaq futures leading gains at the time of writing,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank in a morning note. Wall Street’s early 2023 rally has faded in recent sessions as investors become more concerned that robust economic data of late will encourage the Federal Reserve to keep interest rates higher for longer, as it tries to crush inflation that continues to run at three times its 2% target.

 

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