Nvidia Shares Steady, U.S. Equity Futures Regain Ground

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ICARO Media Group
Politics
21/11/2024 18h16

### U.S. Equity Futures Recover as Nvidia Shares Steady

The earlier dip observed in U.S. equity index futures has largely been mitigated as American markets opened on Thursday. Initially, E-mini S&P 500 futures experienced a 0.4% decline during the European trading session. This drop was influenced by a noticeable near 4% decrease in Nvidia's stock price, following results and forecasts from the AI-chipmaker that failed to meet the high expectations of investors.

However, the scenario shifted as Nvidia shares reduced their losses to just 1.5%. This recovery in Nvidia's stock was instrumental in pushing S&P 500 futures back up, leading them to trade with minimal change. Analysts viewed this tempered reaction to Nvidia’s earnings report as a positive signal for the broader market.

Kathleen Brooks, the research director at XTB, noted the unusual calm following Nvidia's report. She highlighted that Nvidia's share price typically moves by approximately 8% post-earnings. "The initial response has been far more subdued this time," Brooks mentioned.

Jim Reid, strategist at Deutsche Bank, expressed relief over the development, emphasizing that this potentially volatile event had passed without causing significant disruption in the markets.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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