Jobless claims for last week came in above expectations
Nasdaq-100 Index (NDX) futures are up triple digits this morning, after Nvidia's (NVDA) upbeat quarterly report. Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) futures are also firmly higher as the tech sector enjoys a halo lift, with concerns about artificial intelligence (AI) demand and Chinese competitor DeepSeek easing.
Investors are still worried about a trade war following President Donald Trump's latest tariff threats against Mexico, Canada, and the European Union (EU). They also have a higher-than-expected jump in weekly jobless claims to 242,000 to unpack, signaling a softening economy.
Continue reading for more on today's market, including:
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 2.2 million call contracts and 1.3 million put contracts exchanged on Wednesday. The single-session equity put/call ratio fell to 0.60 and the 21-day moving average stayed at 0.60.
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Nvidia Corp (NASDAQ:NVDA) stock is up 2.6% in premarket trading, after
the chipmaker announced better-than-expected earnings and revenue for the fourth quarter, and issued a strong current-quarter outlook despite growing competition. NVDA is up 66.8% in the last 12 months.
- Salesforce Inc (NYSE:CRM) reported a fourth-quarter revenue miss earlier, and provided a lackluster forecast, both of which overshadowed its earnings beat. The equity is down 3.8% ahead of the open, looking to extend its 8.1% year-to-date deficit.
- eBay Inc (NASDAQ:EBAY) stock is down 9% before the bell, brushing off upbeat fourth-quarter results after the e-commerce concern's fiscal first-quarter revenue outlook fell short of analysts' estimates. EBAY still sports a 55.8% year-over-year lead.
- The personal consumption expenditures (PCE) price index is due out this week.
European Markets Lower After Trump's Tariff Threats
Asian markets finished on both sides of the aisle on Thursday, as investors monitored U.S. trade tensions. Japan’s Nikkei rose 0.3%, though Japanese convenience store stock Seven & i Holdings plummeted after the founding family failed to secure the financing needed to buy out the company. China’s Shanghai Composite added 0.2%, while Hong Kong’s Hang Seng and the South Korean Kospi fell 0.3% and 0.7%, respectively.
European bourses are lower today, as Trump’s latest tariff threats weigh on the auto sector amid a flood of corporate earnings reports out of the region. The French CAC 40 is down 0.3% while the German DAX slides 0.7%. Elsewhere, London’s FTSE 100 is up 0.3%, with British aerospace and defense firm Rolls Royce leading the charge after upbeat guidance.