Dow futures trade higher, Nvidia lifts 8.8% after earnings

By Oliver Gray 

Investing.com - U.S. stock futures were trading higher during Wednesday’s evening deals, after major indices closed out the regular session in a mixed fashion as the Federal Reserve meeting minutes showed that policymakers are ready to keep raising interest rates to quell surging inflation pressures.

By 18:40 ET (23:40 GMT) Dow Jones futures added 0.1%, S&P 500 futures lifted 0.2%, and Nasdaq 100 futures lifted 0.5%.

In extended deals, Nvidia (NASDAQ:NVDA) added 8.8% after reporting Q4 EPS of $0.88 versus $0.81 expected, while revenue was reported at $6.05 billion versus $6.01B expected. Nvidia forecasted Q1 2024 revenue of $6.5B versus $6.33B expected.

eBay (NASDAQ:EBAY) traded 4.9% lower after reporting Q4 EPS of $1.07 versus $1.06 expected on revenue of $2.5 billion versus $2.46 billion expected.

 Etsy (NASDAQ:ETSY) gained 5.2% after the company reported Q4 EPS of $0.77 versus $0.80, while revenue came in at $807.2 million versus $754.31M expected.

Unity Software Inc (NYSE:U) fell 8.2% after the company reported Q4 EPS of $0.03 versus $0.01 expected on revenues of $451M versus $434.7M expected.

Ahead in Thursday’s trade, investors will be looking toward GDP and jobless claims data, as well as a speech from FOMC member Bostic.

Among earnings results, companies including Alibaba Group Holdings Ltd (NYSE:BABA), Autodesk Inc (NASDAQ:ADSK), Wayfair Inc (NYSE:W), and Bath&Body Works Inc (NYSE:BBWI) are slated to report throughout the session, while Warner Bros Discovery Inc (NASDAQ:WBD) and Carvana Co (NYSE:CVNA) will release results after the close.

During Wednesday’s regular trade, the Dow Jones Industrial Average fell 84.5 points or 0.3% to 33,045.1, S&P 500 dipped 6.3 points or 0.2% to 3,991.1, and the Nasdaq Composite added 14.8 points or 0.1% to 11,507.1.

On the bond markets, United States 10-Year rates were at 3.927%.