Stock futures are little changed as investors brace for Nvidia earnings: Live updates
Traders work on the floor of the New York Stock Exchange on May 21, 2025 in New York City.
Spencer Platt | Getty Images
U.S. stock futures were little changed Tuesday night, as investors awaited earnings results from Nvidia, after the Dow Jones Industrial Average snapped a four-day losing streak.
Dow futures rose by 49 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures climbed 0.07% and 0.03%, respectively.
In extended trading, Okta shares plunged more than 12% after the identity management software company kept its guidance due to macroeconomic uncertainty. Otherwise, Okta beat fiscal first-quarter expectations on the top and bottom lines.
Investors are coming off a strong session for the major averages. The 30-stock Dow rallied more than 700 points, or about 1.8%, while the S&P 500 rose 2%, each ending a four-day losing streak. The Nasdaq Composite advanced roughly 2.5%.
Those moves come after President Donald Trump on Sunday said that he would delay a 50% tariff on the European Union to July 9, after initially saying Friday that he was "not looking for a deal." This added to investors' hopes the stock market can leave the worst of the tariff chaos behind.
"It's important for investors to look past the tariff turmoil and look at the environment where we'll have deregulation, more onshoring. Think about the tax bill, immediate expensing from a tax basis. Greater opportunities for M&A. So, the environment post-tariffs will be a great environment for investing," Treasury Partners' Rich Saperstein said Tuesday on CNBC's "Closing Bell."
"Now, in between that, we have uncertainty, which could cause a slowdown in the next two quarters," said Saperstein, chief investment officer of Treasury Partners. "But I would look to the environment post-tariffs into '26, versus looking in the immediate volatility."
Investors are awaiting Nvidia 's earnings results, set to release Wednesday after the close. They'll be paying close attention to what China restrictions will mean for the AI chipmaker, which sees no slowing in demand for its graphics processors.
Elsewhere, Macy's , Dick's Sporting Goods and Abercrombie & Fitch are set to report before the open on Wednesday.
Traders will also be reviewing the minutes from the Federal Reserve May meeting, due out Wednesday afternoon, for insight into how central bank policymakers are thinking through monetary policy at a time of greater macroeconomic uncertainty.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Wall Street's calling it a 'shattered illusion' as Trump launches strikes on Iran
Wall Street's calling it a 'shattered illusion' as Trump launches strikes on Iran originally appeared on TheStreet. The U.S. bombing of Iran's nuclear sites has sent shockwaves through Wall Street, with investors and billionaires reacting to what many now see as a turning point in global markets — and geopolitics. President Donald Trump confirmed late Saturday that the U.S. had carried out airstrikes on three key nuclear facilities in Fordow, Natanz and Isfahan. He called it a 'spectacular military success,' warning Iran that further retaliation would be met with even greater force. 'This shatters the illusion of containment,' wrote SPI Asset Management's Stephen Innes. 'What was a regional proxy conflict is now a high-stakes, U.S.-driven air war targeting WMD infrastructure — with unpredictable spillovers across energy markets, global shipping lanes, and risk sentiment.' Markets are still closed for the weekend, but early signals point to turbulence. Oil futures are expected to spike when they open Sunday night, with concerns Iran could retaliate by closing the Strait of Hormuz — a vital chokepoint for global oil and gas supplies. James Bambino of S&P Global warned that while global oil reserves are sufficient for now, any disruption in shipping could spark inflation. 'The world has enough oil… so long as the Strait of Hormuz remains open — and we expect that it will,' he wrote. Meanwhile, crypto markets have already started reacting. Bitcoin dropped slightly to $102,800, while Ethereum is down over 5%. Altcoins followed suit, as investors rotated to stable assets amid the uncertainty. 'All were down,' one CoinGecko analyst noted, describing it as a broad sell-off triggered by geopolitical stress. Billionaires also weighed in. Hedge fund manager Bill Ackman posted on X, 'Thank you to our great military for its superb execution on ridding Iran of its nuclear threat… To state the obvious, Donald Trump's actions tonight are a lot better than relying on the IRGC's 'commitment' to not develop nuclear weapons.' Jason Calacanis was blunt, 'Five months into Trump's term, we're at war.' With stocks likely to open volatile and oil expected to climb, Wall Street is bracing for a week shaped by geopolitics, and possibly the start of something bigger. After weeks of mounting tension, the U.S. finally bombed Iranian nuclear sites — and Polymarket traders had seen it coming. Just days before the first missiles dropped, Polymarket, a crypto-based prediction market showed a 60% chance that the U.S. would launch a military strike on Iran by June 30. That number later dipped to 40% after a temporary White House de-escalation update. But as it turns out, traders betting on 'Yes' were spot on. With over $29 million wagered, it was one of the most closely-watched geopolitical bets of the year on Polymarket. Wall Street's calling it a 'shattered illusion' as Trump launches strikes on Iran first appeared on TheStreet on Jun 22, 2025 This story was originally reported by TheStreet on Jun 22, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
19 minutes ago
- Yahoo
Oil markets brace for shock after US attack on Iran
Oil prices are expected to jump in reaction to the US strikes on Iran's nuclear facilities, but the long-term impact may be muted, experts said. Oil prices have risen since Israel began attacking Iran, but supplies have remained steady. 'The world has enough oil,' S&P analysts wrote. Still, if Iran follows through with a threat to close the Strait of Hormuz, a key oil shipping route, it would severely curb supply and disrupt global markets. Such a move however, would mostly harm Tehran's ally China, which buys the vast majority of Iranian oil. Investors are also bracing for a knee-jerk stock selloff Monday, with analysts warning that surging oil prices and further escalation could trigger an extended rout. — J.D. Capelouto Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
39 minutes ago
- Yahoo
CoreWeave (CRWV) Surges 23.7% W/W on Strong Investor Optimism
CoreWeave, Inc. (NASDAQ:CRWV) is one of the . CoreWeave grew its share prices by 24.7 percent week-on-week, finishing at $183.58 on Friday versus the $147.19 close on June 13, as investors continued to load up positions amid rosy growth prospects. On Friday alone, CoreWeave, Inc. (NASDAQ:CRWV) hit a new all-time high of $187, before paring gains to close the day slightly lower, as investors flocked to stocks riding the Artificial Intelligence boom amid the ongoing geopolitical tensions. In recent news, CoreWeave, Inc. (NASDAQ:CRWV)announced a record-breaking performance from using 2,496 of Nvidia Corp.'s latest Grace Blackwell Chips on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf. In March this year, CoreWeave, Inc. (NASDAQ:CRWV) bagged an $11.9-billion deal with OpenAI, welcoming the latter as a new investor with the sale of $350 million CRWV stocks. A medical professional demonstrating a drug delivery process with the help of animated graphics, highlighting the ADCC activity of the company. Last month, CoreWeave, Inc. (NASDAQ:CRWV) also bagged multi-billion-dollar worth of contracts, including the $4-billion upsized deal with OpenAI, as well as with Aston Martin Aramco, where it will serve as the latter's official AI cloud computing partner, providing AI-accelerated engineering opportunities to support car design efficiency. While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
