Global Stocks Gain Ahead of Crucial Nvidia Result: Markets Wrap

(Bloomberg) — US stock futures pointed to a strong open on Wall Street ahead of key earnings from Nvidia Corp. that could help reignite the artificial intelligence-driven rally.

Shares in Nvidia, the top provider of chips used in new AI computers, rose as much as 3% in US premarket trading. Contracts on the Nasdaq 100 rose about 0.7% while those on the S&P 500 gained 0.5%.  

The Nvidia report, due after the US market close, could fuel market moves of 8.5% in either direction, options data imply. It will come after a period of underperformance for the shares, following two years of blistering gains, as recent months showed AI computing adoption won’t be a straight path. 

The concerns have rippled across the US technology sector, pushing the Magnificent Seven group of bellwether tech megacaps into correction territory on Tuesday. The stocks ticked higher in Wednesday’s premarket.

“The reality is, we need a good set of numbers from Nvidia to keep this bull track in place in the US,” said Guy Miller, chief market strategist at Zurich Insurance Co. “It will be important that the numbers are good and the outlook is good. If it’s a really disappointing reading the market will be vulnerable to a further setback.”

Other significant premarket movers included Super Micro Computer Inc., which jumped 25% on news it had met a deadline to submit financial reports to stay listed on the Nasdaq. Human resources firm Workday Inc. rallied on forecast-beating results, while a $6 billion buyback announcement lifted General Motors Co.

Mining firm Freeport-McMoRan Inc. gained after President Donald Trump signaled tariffs on copper, sending prices for the metal higher.

Europe’s regional stocks benchmark rose to a record, led by resources and mining companies. In addition, sentiment was boosted by strong results from a slew of firms including Anheuser-Busch InBev, Banco Santander SA, Fresenius SE and Alcon AG.

In bond markets, the yield on 10-year Treasuries steadied after Tuesday’s 11-basis-point decline fueled by weaker-than-expected economic data and increased bets on Federal Reserve policy easing. Borrowing costs edged two basis points higher, and the dollar also firmed against G-10 peers as investors awaited a speech by Federal Reserve official Raphael Bostic.

Surging copper prices dominated commodity markets after the latest tariff threat, while gold traded just off the latest all-time high hit on Monday. 

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Key events this week:

• US new home sales, Wednesday
• Nvidia earnings, Wednesday
• Fed’s Raphael Bostic speaks, Wednesday
• Eurozone consumer confidence, Thursday
• US GDP, durable goods, initial jobless claims, Thursday
• Fed’s Jeff Schmid, Beth Hammack, Patrick Harker, Michael Barr, Michelle Bowman speak, Thursday
• Japan Tokyo CPI, industrial production, retail sales, Friday
• US PCE inflation, income and spending, Friday
• Fed’s Austan Goolsbee speaks, Friday

Some of the main moves in markets:

Stocks

• S&P 500 futures rose 0.5% as of 7:38 a.m. New York time
• Nasdaq 100 futures rose 0.7%
• Futures on the Dow Jones Industrial Average rose 0.3%
• The Stoxx Europe 600 rose 1%
• The MSCI World Index rose 0.1%

Currencies

• The Bloomberg Dollar Spot Index rose 0.2%
• The euro fell 0.2% to $1.0491
• The British pound was little changed at $1.2654
• The Japanese yen fell 0.3% to 149.53 per dollar

Cryptocurrencies

• Bitcoin fell 0.4% to $88,363.85
• Ether fell 2.2% to $2,456.67

Bonds

• The yield on 10-year Treasuries advanced one basis point to 4.30%
• Germany’s 10-year yield declined two basis points to 2.43%
• Britain’s 10-year yield declined three basis points to 4.48%

Commodities

• West Texas Intermediate crude fell 0.2% to $68.76 a barrel
• Spot gold was little changed

This story was produced with the assistance of Bloomberg Automation.

–With assistance from Winnie Hsu.

©2025 Bloomberg L.P.