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S&P 500 futures rise, led by Nvidia, as investors await bank earnings: Live updates
S&P 500 futures were higher Tuesday thanks to an advance in Nvidia shares as investors await big bank earnings and a key inflation reading.
Futures tied to the benchmark index rose 0.4%, while Nasdaq 100 futures added 0.6%. Dow Jones Industrial Average futures were down 28 points, or 0.1%.
Nvidia shares ticked 5% higher in the premarket after the chip company said it will resume H20 AI chip sales to China "soon." "The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon," the company said in a statement Tuesday.
Those moves come as big banks get set to kick off the season, with JPMorgan Chase, Wells Fargo and Citigroup among the companies on Tuesday set to deliver quarterly reports.
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Stock market today: Dow, S&P 500 futures climb after Nvidia boost, with CPI inflation data, big bank earnings on deck
Tech led as US stock futures rose on Tuesday, with a China green-light for Nvidia (NVDA) lifting spirits in the wait for a key consumer inflation print and for big banks to kick off earnings season.
S&P 500 futures (ES=F) moved up 0.3%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) climbed 0.5%, buoyed by gains for AI chipmaker Nvidia. But Dow Jones Industrial Average futures (YM=F) slipped, down roughly 0.2% on the heels of closing gains for the major gauges.
Nvidia said it hopes to resume sales of its key AI chips to China soon, having received assurances from the US government that it will be granted licences. The dramatic reversal in the Trump administration's earlier stance on export curbs â part of its trade standoff with Beijing â helped lift shares almost 5% in premarket.
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