U.S. index futures indicate a slight pre-market rise on
Wednesday as investors focus on Nvidia’s upcoming
quarterly earnings announcement, expected to have a significant
market impact. Retail and tech stocks, including
Nordstrom (NYSE:JWN), PVH Corp.
(NYSE:PVH), and Ambarella (NASDAQ:AMBA), show
notable pre-market movements as the market braces for potential
surprises in the AI and semiconductor sectors.
As of 4:58 AM ET, Dow Jones futures dipped 1 point, or 0.00%.
S&P 500 futures gained 0.08%, and Nasdaq-100 futures rose
0.14%. The 10-year Treasury yield stood at 3.825%.
On today’s U.S. economic agenda, Fed Governor Christopher Waller
will deliver a speech in India at 1:15 AM ET, focusing on payment
systems. Later, at 6:00 PM, Atlanta Fed President Raphael Bostic
will also give a speech.
In the commodities market, oil prices extended losses after
falling over 2% in the previous session, ending a three-day gain
streak. Concerns over supply in the Middle East and North Africa,
as well as global fuel demand, continue to influence the
market.
West Texas Intermediate crude for October dropped 0.78% to
$74.94 per barrel, while Brent for October fell 0.64% to $79.04 per
barrel.
Gold prices (PM:XAUUSD) declined due to a strengthening dollar,
as investors await a U.S. inflation report that could influence
rate cuts in September. Despite the drop, gold maintains a
short-term uptrend but faces resistance at higher levels.
Asia-Pacific markets showed mixed movements. Australia’s
S&P/ASX 200 closed at 8,071.4, near flat after the CPI report.
China’s CSI 300 lost 0.57%, hitting a seven-month low. Japan’s
Nikkei 225 rose 0.22%, while the Topix advanced 0.42%. The Kospi
remained steady, but the Kosdaq dropped 0.32%, marking its sixth
consecutive day of losses. The Hang Seng fell around 1% in the
final hour of trading.
Bank of Japan Deputy Governor Ryozo Himino stated that the bank
would continue raising interest rates if inflation remains high,
despite recent market volatility. He emphasized that the BOJ is
closely monitoring the markets and may adjust monetary policy as
needed.
In Australia, inflation dropped to 3.5% in July, the lowest in
four months, due to electricity discounts. However, other prices
didn’t fall as expected, lowering expectations for an immediate
rate cut.
In New Zealand, employment fell for the fourth consecutive month
in July, the largest decline since 2009. The unemployment rate rose
to 4.6%. The slowdown is attributed to high interest rates and a
weakened economy, with forecasts of a new recession.
European markets are trading higher with insurance stocks in
positive territory, while mining stocks are declining. The Stoxx
600 closed slightly higher on Tuesday, boosted by good news from
the travel sector and a slight increase in French consumer
confidence in August.
Lego reported a 13% increase in revenue in the first half of the
year, reaching around $4.65 billion. Despite a decline in toy
industry sales due to inflation, Lego stood out with volume growth,
driven mainly by new products and partnerships, such as with
Fortnite. The company is also expanding in China and enhancing its
sustainable practices.
U.S. stocks showed little direction on Tuesday, with the Dow
Jones rising just 9.98 points, closing at 41,250.50, a new record.
The S&P 500 and Nasdaq posted gains of 0.16%, closing at
5,625.80 and 17,754.82, respectively. Investors were cautious ahead
of Nvidia’s earnings and the July personal income report.
Nvidia (NASDAQ:NVDA) rose 1.5%, while consumer
confidence surprised with an increase to 103.3 in August, defying
expectations of a decline.
According to minutes released on Tuesday, the boards of
directors of the Federal Reserve Banks of Chicago and New York
supported in July a 0.25 percentage point cut in the discount rate
to 5.25%. Most of the 12 regional banks preferred to keep the rate
at 5.5%. The minutes suggest that a rate cut could occur at the
September meeting.
On the earnings front, companies reporting before the market
opens include Abercrombie &
Fitch (NYSE:ANF), Chewy (NYSE:CHWY), Li
Auto (NASDAQ:LI), Kohl’s (NYSE:KSS), Foot
Locker (NYSE:FL), Bath & Body
Works (NYSE:BBWI), Donaldson (NYSE:DCI), Royal
Bank of Canada (NYSE:RY), Golden
Ocean (NASDAQ:GOGL), e The J.M. Smucker
Co. (NYSE:SJM), among others.
After the close, numbers are expected from
NVIDIA (NASDAQ:NVDA), CrowdStrike (NASDAQ:CRWD), Salesforce (NYSE:CRM), Affirm (NASDAQ:AFRM), Okta (NASDAQ:OKTA), Pure
Storage (NYSE:PSTG), Veeva
Systems (NYSE:VEEV), Five
Below (NASDAQ:FIVE), HP
Inc. (NYSE:HPQ),
e NetApp (NASDAQ:NTAP), among
others.
HP (NYSE:HPQ)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
HP (NYSE:HPQ)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024