FX.co ★ US Futures Steady Ahead of Nvidia Earnings

US stock futures remained stable on Wednesday as investors eagerly anticipated earnings results from the chipmaking giant Nvidia. These results are expected to provide insights into the effects of recent export restrictions to China. Several major retailers, including Abercrombie & Fitch, Dick’s Sporting Goods, and Macy’s, are also set to report their earnings today. Meanwhile, in after-hours trading, shares of the identity management firm Okta fell by more than 12%, as the company maintained its forecast amidst ongoing macroeconomic uncertainties. On Tuesday, during the regular trading session, the Dow increased by 1.78%, the S&P 500 climbed 2.05%, and the Nasdaq Composite surged 2.47%. This rally was sparked by President Donald Trump's decision to delay a proposed 50% tariff on the European Union, which boosted optimism that tariff levels might have reached their peak. Additionally, investors were heartened by the potential for corporate-friendly policies, such as potential tax reductions and deregulation. Looking forward, the markets will be keenly analyzing the latest FOMC meeting minutes for any indications regarding the future direction of monetary policy.