Pre-Market Update: Stock Futures Recover Ahead of Nvidia Earnings and Fed Jackson Hole Summit
TLDR
- S&P 500 and Nasdaq 100 futures are rising in premarket after Monday’s tech selloff
- Bitcoin surged above $80,000 for the first time in three months
- New US sanctions on Iran had little impact on oil prices or market sentiment
- Nvidia reports earnings Wednesday, with markets watching for AI spending signals
- Fed Chair Kevin Warsh delivers his first Jackson Hole speech later this week
US stock futures are pushing higher Tuesday morning as investors look past new Iran sanctions and focus on two big events later this week: Nvidia’s earnings report and the Federal Reserve’s Jackson Hole Symposium.
Nasdaq 100 futures rose 0.76% in premarket trading, recovering from a tech-driven selloff on Monday. S&P 500 futures climbed 0.36% and Dow futures gained 0.39%, adding 207 points.
Monday saw the Nasdaq Composite close in the red, dragged down by concerns over AI spending by big tech companies. The Dow was the only major index to finish the session in positive territory.
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