Updated 1 min read
US stock futures rose on Wednesday following a muted day on Wall Street, as investors looked ahead to the latest batch of earnings and fresh signals on inflation and monetary policy.
S&P 500 futures (ES=F) added 0.5^%, while those on the tech-heavy Nasdaq 100 (NQ=F) moved roughly 0.6% higher. Meanwhile, Dow Jones Industrial Average futures (YM=F) added 0.4% after the major US gauges closed Tuesday with modest gains.
Investors now turn their attention to the Federal Reserve’s January meeting minutes, due Wednesday, for additional insight into policymakers’ thinking. The week’s key macro event, however, arrives Friday with the release of the Personal Consumption Expenditures index.
Technology shares, particularly in software, could come back under pressure as investors continue to weigh the long-term impact of AI on business models and corporate competition.
On the corporate calendar, earnings from DoorDash (DASH), eBay (EBAY) and Analog Devices (ADI) are set for release Wednesday.
LIVE 3 updates
-
Nvidia and Meta expand their GPU team-up with millions of additional AI chips
Shares of Nvidia (NVDA) rose in premarket trading as investors assessed fresh moves from the AI chip leader, including a boosted India AI build-out and the sale of its stake in chip tech firm Arm (ARM).
The highlight is news that Meta (META) has agreed to buy millions of Blackwell and Rubin GPUs alongside other Nvidia processors in the next few years, deepening their multiyear, multi-generational partnership.
Yahoo Finance’s Daniel Howley reports:
-
Japan, US reach $36B of gas, mineral deals in Trump pact
Japan has announced that it plans to invest up to $36 billion in US oil, gas, and critical mineral projects. This investment is part of Tokyo’s $550 billion commitment, which forms part of the trade agreement it struck with President Trump last year.
“Our MASSIVE Trade Deal with Japan has just launched!” Trump posted on Tuesday on social media. “The scale of these projects are so large, and could not be done without one very special word, TARIFFS.”
Japan’s Prime Minister Sanae Takaichi said that the projects will help build more resilient supply chains through partnerships in crucial areas for economic security.
Bloomberg News reports:
-
Tesla sales not suspended in California after judgement over ‘misleading’ self-driving ability
AP Finance reports:
