Wall Street rebounded in off-hours trading today, the Associated Press reports, pulled higher by technology companies after chipmaker Nvidia posted another huge profit after the bell a day earlier. Futures for the S&P 500 rose 0.7%, while futures for the tech-heavy Nasdaq shot up 1.1%. Futures for the Dow Jones Industrial Average ticked up less than 0.2%.
Nvidia reported that its net income in the first quarter rose sevenfold to $14.88 billion. Its revenue more than tripled, to just over $26 billion. The California company also announced a 10-for-1 stock split, helping to boost its shares 7% before today’s bell.
Nvidia’s performance also boosted chipmakers Micron and Advanced Micro Devices, which rose 4% and 3% respectively.
On the losing end early this morning was Live Nation, the owner of Ticketmaster. The concert and event producer tumbled more than 8% in premarket on media reports that the U.S. Department of Justice is close to announcing that it will seek to break up the company for antitrust violations.
News Corp. — the owner of The Wall Street Journal, the New York Post, and other publications — jumped more than 7% after it announced it had completed a deal that gives OpenAI access to all of its media content.
In other trading, U.S. benchmark crude rose 57 cents to $78.14 per barrel. Brent crude, the international standard, rose 56 cents to $82.46 per barrel.
The U.S. dollar fell to 156.59 Japanese yen from 156.80 yen.
