Stock futures slide after S&P 500 closes lower; wholesale inflation reading looms: Live updates
#stock futures#S&P 500#Nvidia#inflation#Producer Price Index#tech stocks#AI investments#Wall Street
📌 Key Takeaways
Stock futures declined across major indices after a tech-driven sell-off led by Nvidia
Nvidia's unexpected 5.5% drop surprised investors despite strong earnings
Market participants are concerned about AI investments and hyperscalers' spending
Investors are awaiting the January producer price index inflation reading
February has been a challenging month for tech stocks with the Nasdaq on track for its worst performance since last March
📖 Full Retelling
US stock futures slid Thursday night following a lower close for the S&P 500, with investors reacting to downbeat tech earnings led by Nvidia's 5.5% drop amid concerns about artificial intelligence investments and ahead of a key wholesale inflation reading. Futures tied to the Dow Jones Industrial Average dropped 247 points, or 0.5%, while S&P 500 futures fell 0.3% and Nasdaq 100 futures slid 0.2%, extending the session's losses from earlier in the day when the S&P 500 lost 0.5% and the tech-heavy Nasdaq Composite declined 1.2%. The Dow managed to end Thursday's session slightly higher by 17 points, or less than 0.1%, but couldn't overcome the broader market weakness. In extended trading, notable software names continued to fall, with Salesforce tumbling 3% and Microsoft losing more than 1%, further pressuring market sentiment. Cybersecurity company Zscaler shed nearly 10% after its deferred revenue and billings in the fiscal second quarter missed expectations, contributing to the tech sector's struggles. Market analysts attributed Nvidia's unexpected decline to doubts around its deal with OpenAI, weak sentiment over the artificial intelligence trade, and concerns about hyperscalers' lofty AI capital expenditures. 'A beat-and-raise earnings report from Nvidia signaled robust demand for AI capital expenditures, but stocks are tanking anyway amid a lackluster mood on Wall Street,' said Jose Torres, senior economist at Interactive Brokers. 'Concerns that much of modern technology's runway has been covered, leading to worries about maturity, are causing losses across all of the Magnificent Seven names.' Meanwhile, investors are bracing for the release of January's producer price index, a measure of wholesale inflation, which is expected to show a 0.3% increase in both headline and core readings. Friday also marks the final trading day of February, a challenging month for tech stocks that has seen the Nasdaq Composite on pace for a 2.5% slide and its worst monthly performance since last March.
A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotat...
# Wall Street
**Wall Street** is a historic thoroughfare located in the Financial District of Lower Manhattan, New York City. Spanning approximately eight city blocks, it extends just under 2,000 feet (0.6 km) from Broadway in the west to South Street and the East River in the east.
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Nvidia Corporation ( en-VID-ee-ə) is an American technology company headquartered in Santa Clara, California. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, it develops graphics processing units (GPUs), systems on chips (SoCs), and application programming interfaces (APIs) for...
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Original Source
Stock futures slipped Thursday night after the S&P 500 closed lower, dragged down by losses in Nvidia. Traders also looked ahead to an inflation reading due Friday morning. Futures tied to the Dow Jones Industrial Average dropped 247 points, or 0.5%. S&P 500 futures fell 0.3%, while Nasdaq 100 futures slid 0.2%. In extended trading, notable software names fell. Salesforce tumbled 3%, and Microsoft lost more than 1%, weighing on Dow futures. Cybersecurity company Zscaler shed nearly 10% after deferred revenue and billings in the fiscal second quarter missed expectations. Downbeat reactions to key tech earnings pressured the broader market on Thursday. The S&P 500 lost 0.5%, while the tech-heavy Nasdaq Composite declined 1.2%. The 30-stock Dow ended the session higher by 17 points, or less than 0.1%. Nvidia 's 5.5% loss on the day came to a surprise to many investors, who remain bullish on the chipmaker given its blowout fourth-quarter results and upcoming product cycle. Market participants attributed the decline in shares to doubts around Nvidia's deal with OpenAI , weak sentiment over the artificial intelligence trade and concerns about hyperscalers' lofty AI capital expenditures. "A beat-and-raise earnings report from Nvidia signaled robust demand for AI capital expenditures, but stocks are tanking anyway amid a lackluster mood on Wall Street," said Jose Torres, senior economist Interactive Brokers. "Concerns that much of modern technology's runway has been covered, leading to worries about maturity, are causing losses across all of the Magnificent Seven names." Thursday's session also saw investors flock toward more cyclical areas of the market, with financials and industrials among the session's top-performing sectors. Tensions around President Donald Trump's tariff policies and U.S.-Iran relations remain in the back of investors' minds. "Investors are pumping the brakes on positioning as the level of uncertainty is increasing," said Sameer Samana, head of global...
