US equity futures, including those tracking the Dow Jones, were flat on Thursday. Markets are closely evaluating Nvidia’s earnings report and its potential impact on AI demand, which has significantly influenced US equity indices over the past three years. This scrutiny extends beyond Nvidia, impacting the broader tech sector, particularly software-as-a-service companies. Outside of tech, energy producers saw slight declines as nuclear talks between Iran and the US commenced.
- Contracts tracking the three main averages were flat.
- Nvidia was flat premarket despite better-than-expected earnings and revenues.
- Salesforce sank 3% after giving a lukewarm outlook for its sales in the upcoming fiscal year.
- Energy producers inched down as nuclear talks between Iran and the US started.
The flat performance of Dow Jones futures suggests a period of uncertainty and cautious trading. Investors are carefully considering the implications of earnings reports from major tech companies and the evolving landscape of the AI sector. Geopolitical developments, such as nuclear talks potentially influencing energy markets, also contribute to the market’s hesitant behavior. This suggests a potential holding pattern for the Dow Jones, awaiting further clarification and market direction.