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Stock futures rose Thursday, as investors looked to recover from declines seen in the previous session. Wall Street also appeared to shake off a post-earnings decline in Nvidia.
Futures for the Dow Jones Industrials popped 246 points, or 0.6% to 41,424.
Futures for the S&P 500 soared 12.25 points, or 0.2%, at 5,622.50.
Futures for the NASDAQ hiked 38.5 points, or 0.2%, to 19,454.25.
Nvidia shares were down 4% after posting its latest earnings Wednesday afternoon. In its fiscal second quarter, the AI chipmaker exceeded expectations on the top and bottom lines, and issued a rosy current-quarter sales outlook.
Those moves highlight the growing significance of Nvidia to the broader market. The semiconductor company, which passed the $3-trillion market cap this year to briefly become the world’s most valuable public company, now accounts for roughly 7% of the S&P 500.
Nvidia shares were down as much as 8% in after-hours trading before recovering most of that decline. They were last down about 2%.
That decline was offset by a pop in Salesforce. Shares traded 5% higher after the business software giant beat fiscal second-quarter estimates and raised its full-year profit outlook.
In Japan, the Nikkei 225 doffed nine points Thursday, while in Hong Kong, the Hang Seng index gained 0.5%.
Oil prices jumped 24 cents to $74.76 U.S. a barrel.
Gold prices were better by $17.70 to $2,555.30.
