How are stock-index futures trading:
S&P 500 futures are down 0.4%.
Dow Jones Industrial Average futures are dipping 0.2%.
Nasdaq 100 futures are slipping 0.5%.
On Wednesday, the Dow Jones Industrial Average rose 140 points, or 0.32%, to 43,408, the S&P 500 increased 0 points, or 0%, to 5,917, and the Nasdaq Composite dropped 21 points, or 0.11%, to 18,966.
A cool response to another set of blowout earnings from Nvidia is weighing on equity index futures.
Shares in the AI chipmaker, which was the biggest company by market cap on Wall Street, are down more than 3% in premarket action after it said late Wednesday that revenue for the previous quarter surged 94% but some investors expressed concerns about slightly lower margins.
In addition, Nvidia’s forecast of its slowest sales increase in seven quarters disappointed a market used to the AI darling surpassing all projections, according to Patrick Munnelly, strategist at Tickmill Group.
“Given Nvidia’s pivotal role in the AI environment, which has fuelled the majority of the market gains in recent months, the forecast is expected to have an impact on suppliers as well as the larger markets,” said Munnelly.