US Futures Rally on Tariff Ruling, Nvidia Earnings
U.S. stock futures experienced an upswing on Thursday following a decision by the U.S. Court of International Trade, which concluded that President Donald Trump had overstepped his authority with the implementation of reciprocal tariffs. The court mandated that these measures be annulled and permanently barred. This development contributed to an optimistic market sentiment, further buoyed by Nvidia's strong performance. The company's shares rose nearly 5% in after-hours trading, driven by impressive first-quarter results. Nvidia's data center segment saw a remarkable 73% year-over-year growth, fueled by increasing demand for AI infrastructure. Despite these gains, CEO Jensen Huang pointed out that export limitations to China are hindering the company from accessing potential revenue streams amounting to billions. Concurrently, the Trump administration has pressed U.S. businesses to pause specific sales of semiconductor software to China, adding complexity to the trade environment. In premarket activity, Dow futures advanced by 1.2%, S&P 500 futures climbed 1.5%, and Nasdaq 100 futures led with a 1.9% increase.
The material has been provided by - RobotFX
Download NOW!
No comments:
Post a Comment