- media@moneyinfocus.news
U.S. equity futures traded lower on Thursday, giving back part of the previous session’s rebound as Treasury yields moved higher and investor enthusiasm surrounding NVIDIA earnings began to fade.
Futures tied to the S&P 500 and the Dow Jones Industrial Average fell approximately 0.3%, while contracts linked to the Nasdaq-100 declined around 0.8%, pressured by weakness across the technology sector.
Shares of NVIDIA traded near flat levels in premarket trading despite the company reporting quarterly earnings above Wall Street expectations and announcing a dividend increase.
Investors, however, reacted cautiously after Nvidia’s forward guidance failed to surpass the upper range of analyst forecasts, a pattern that had characterized several of the company’s previous earnings releases during the height of the artificial intelligence rally.
The muted reaction weighed on broader AI-related sentiment across equity markets, particularly within high-growth technology shares that have been central to market performance over the past year.
Meanwhile, shares of Intuit dropped roughly 15% after the company announced plans to reduce its workforce by approximately 17%.
Walmart also declined nearly 2% despite reporting quarterly earnings that exceeded headline expectations. Investors focused instead on management’s warning that persistently elevated fuel costs could negatively impact consumer spending and operating conditions if maintained over a longer period.
Broader equity sentiment was additionally pressured by rising Treasury yields as optimism surrounding a potential restoration of Middle East energy exports eased compared with the previous session.
Higher yields continued reflecting market concerns that elevated energy prices and persistent inflationary pressures could force the Federal Reserve to maintain restrictive monetary policy for longer than expected.
