Dow futures slip, Nvidia pops 24.6% after earnings

Investing.com - U.S. stock futures were trading higher during Wednesday's evening trade, after major averages finished the regular session lower as minutes released Wednesday from the Federal Reserve’s latest meeting showed division among policymakers as to the future path of interest rates.

By 18:45 ET (22:45 GMT), Dow Jones futures were down 0.2%, S&P 500 futures added 0.5%, and Nasdaq 100 futures gained 1.4%.

In extended deals, Nvidia (NASDAQ:NVDA) popped 24.6% reporting Q1 EPS of $1.09 versus $0.92 expected on revenues of $7.19 billion versus $6.52B. The company also forecasted Q2 2024 revenue at $11B versus $7.15B expected.

American Eagle Outfitters (NYSE:AEO) shed 17.2% after the company reported Q1 EPS of $0.17, in-line with expectations, while revenue was reported at $1.1B versus $1.07B expected.

Snowflake Inc (NYSE:SNOW) dipped 12.5% after reporting Q1 EPS of $0.15 versus $0.06 expected, while revenue came in at $623.6 million versus $611.13M expected.

Nutanix (NASDAQ:NTNX) added 14.5% HIGHER; reported Q3 EPS of $0.04 versus $0.03 expected, while revenues came in at $448.58M versus $433.12M expected.

Ahead in Thursday's session, traders will be looking towards preliminary GDP figures, weekly jobless claims, pending home sales as well a speech from the Fed's Collins.

During Wednesday's session, the Dow Jones Industrial Average lost 255.6 points or 0.8% to 32,799.9, the S&P 500 lost 30.3 points or 0.7% to 4,115.2, and the Nasdaq Composite dipped 76.1 points or 0.6% to 12,484.2.

On the bond markets, United States 10-Year rates were near fresh 2-month highs of 3.743%.