Wall Street was on track to open with gains following another strong earnings report from chipmaker Nvidia even if it didn’t meet the sky-high expectations of investors, according to the Associated Press. Futures for the S&P 500 rose 0.2% before the bell today, while futures for the Dow Jones Industrial Average gained 0.3%.
Nvidia’s latest sales and profit report again topped analysts’ expectations, but the chipmaker’s shares were down less than 1% just hours before today’s opening bell.
Shares of Google parent company Alphabet also retreated less than 1% after U.S. regulators asked a judge to break up the tech giant by forcing it to sell its industry-leading Chrome web browser.
Deere & Co. rose 1.3% after the farm equipment manufacturer posted surprisingly strong fourth-quarter results.
Shares of India’s Adani Enterprises plunged 23% after the U.S. charged founder Gautam Adani, 62, in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud.
U.S. crude gained $1.35 to $70.10 per barrel. Brent crude, the international standard, added $1.32 to $74.13 per barrel.
The U.S. dollar fell to 154.49 Japanese yen from 155.31 yen.
