Wall Street pointed higher early today, according to the Associated Press, keeping markets on track to close the week with gains after Nvidia’s stunning results set off a tech rally that carried Wall Street to another record high. Futures for the S&P 500 rose less than 0.1% before the bell, while futures for the Dow Jones Industrial Average inched up 0.1%.
Nvidia rose another 2% in the premarket today, following Thursday’s 16.4% gain. The chipmaker reported scorching demand for its semiconductors and lifted other chipmakers and companies involved in the chipmaking industry up with it.
Booking.com tumbled 8.5% before the bell today, dragging other travel-related companies down.
Live Nation jumped 4.6% after it reported booming 2023 sales and said it expected demand for live concerts to continue through 2024.
Bond yields were relatively steady. The yield on the 10-year Treasury ticked back to 4.31% from 4.33% late Thursday.
In energy trading, U.S. benchmark crude oil lost $1.26 to $77.35 per barrel. Brent crude, the international standard, gave up $1.17 to $81.53 per barrel.
The U.S. dollar was trading at 150.41 Japanese yen, down slightly from 150.51 yen.
