Traders work on the floor of the New York Stock Exchange (NYSE) in New York on May 19, 2026.
Timothy A. Clary | Afp | Getty Images
S&P 500 futures were little changed on Tuesday night as traders looked ahead to the release of Nvidia‘s first-quarter earnings report.
Futures linked to the broad market index added around 0.1%, while Nasdaq 100 futures rose 0.1%. Futures tied to the Dow Jones Industrial Average advanced 41 points, or about 0.1%.
Rising bond yields pressured stocks on Tuesday, causing the S&P 500 and Nasdaq Composite to both post their third losing sessions in a row. The broad market index fell 0.67%, while the technology-heavy Nasdaq shed 0.84%. The blue-chip Dow lost 322.24 points, or 0.65%.
On Tuesday, the 30-year U.S. Treasury yield briefly topped 5.19%, marking its highest level in nearly 19 years. The 10-year Treasury yield at one point hit 4.687% to reach its highest level since January 2025. Rates have spiked in recent days after a series of economic reports last week revealed that inflation may be reigniting.
Investors are turning their attention toward Nvidia, which reports its first-quarter earnings after Wednesday’s closing bell. The report will be an important view into the artificial intelligence trade and provide the latest update on demand for chips.
Ben Snider, chief U.S. equity strategist at Goldman Sachs, noted that the chipmaker and AI darling has contributed about 20% of the S&P 500’s returns this year and almost that much of the broad market index’s earnings growth in 2026.
“So, the numbers they report tomorrow matter. More broadly, of course, investors across the Street — and really across asset classes — look to Nvidia as a signal for where the AI infrastructure buildout is going, and we’ll be watching closely,” Snider said on CNBC’s “Closing Bell” on Tuesday afternoon.
Traders are also expecting the minutes from the Federal Reserve’s April meeting, which are due on Wednesday at 2:00 p.m. ET.
Lowe’s, Target, Hasbro, V.F. Corporation, Analog Devices and TJX will report their earnings before Wednesday’s opening bell.
Five of the 11 GICS sectors rise on Tuesday
During Tuesday’s trading session, five of the 11 GICS sectors ended the day higher.
Gains were led by the health care sector, up 1.09%. The energy and utilities sectors followed, rising 1.03% and 0.99% on the day, respectively.
On the other hand, materials stocks fell 2.28% and were the day’s biggest laggards. The communication services, consumer discretionary, financials and industrials sectors also all fell more than 1%.
— Lisa Kailai Han
Stocks making the biggest moves after the bell: Cava, Red Robin Gourmet Burgers and more
These are the stocks moving the most in extended-hours trading:
Toll Brothers — The homebuilder added 2% after reporting fiscal second-quarter earnings of $2.72 per share, beating the $2.57 analysts polled by LSEG had expected. Toll Brothers’ $2.51 billion revenue also came in above the forecast $2.42 billion.
Cava — Shares popped almost 7% after the Mediterranean fast-casual chain hiked its adjusted EBITDA guidance for the full year to between $181 million to $191 million, versus its prior outlook of $176 million to $184 million. The company also reported first-quarter earnings of 20 cents per share on $438 million in revenue, beating the earnings of 18 cents and revenue of $411 million analysts had expected, per LSEG.
Red Robin Gourmet Burgers — The burger chain surged 14% after posting first-quarter adjusted earnings of 13 cents per share, while analyst polled by FactSet were expecting Red Robin to break even. The company’s $378.3 million revenue also beat the anticipated $362.1 million.
Keysight Technologies — Shares rose 2% after the provider of electronic design, emulation and test solutions guided for current-quarter revenue and adjusted earnings per share above what analysts polled by LSEG were expecting. The company also raised its full-year guidance, and posted a second-quarter beat on both the top and bottom lines.
— Lisa Kailai Han
Stock futures open little changed
Stock futures opened little changed on Tuesday night.
Shortly after 6 p.m. ET, futures tied to all three major averages were trading around the flatline.
— Lisa Kailai Han
