Dow futures slip, Nvidia pops 24.6% after earnings

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By 6:45pm ET (10:45pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures added 0.5%, 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 $6.52 billion. The company also forecasted Q2 2024 revenue at $11 billion versus $7.15 billion 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 $1.1 billion versus $1.07 billion 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 $611.13 million expected.

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