Wall Street continued to push higher overnight and into Thursday morning as chipmaker Nvidia issued another strong earnings report, while Japan’s Nikkei 225 benchmark surged to an all-time high, according to the Associated Press.
Tokyo’s benchmark closed at 39,098.68 on Thursday. Its previous record was 38,915.87, set in December 1989 just before Japan’s bubble economy collapsed in the early 1990s.
Futures for the S&P 500 were up 1.3% before the bell and futures for the Dow Jones Industrial Average rose 0.4%.
After markets closed Wednesday, Nvidia reported earnings and revenue that handily beat Wall Street forecasts. The chipmaker’s revenue has tripled over the past year thanks to a surge in investor enthusiasm over artificial intelligence. Its shares were up more than 14% early Thursday.
Electric truck and SUV maker Rivian tumbled 14.5% after it reported another loss and issued weak production guidance. Lucid, another electric vehicle manufacturer, slid 9.5% after it missed Wall Street sales guidance and also gave a weaker production forecast than analysts had called for.
Online craft marketplace Etsy slipped 10.9% after it missed Wall Street’s profit forecast by a wide margin.
Cruise ship companies Royal Caribbean and Carnival Corp. both jumped more than 5% before the bell.
Coming later Thursday is the government’s weekly report on U.S. layoffs, which have broadly remained low, even as more high-profile companies have announced job cuts in recent months.
