U.S. stock futures edged higher on Thursday as investors sought a rebound from a sharp decline that was largely driven by Nvidia, but the major indices slipped in regular trading.
In the pre‑market session, the Dow Jones Industrial Average rose modestly, while the S&P 500 and Nasdaq Composite also posted small gains in futures. Market participants were hoping to see a turnaround after a week of volatility that began with a sharp sell‑off in the technology sector.
However, once trading opened, the Dow pulled back more than 150 points, falling to a lower close. The S&P 500 and Nasdaq Composite also declined, shedding 0.4% and 0.7% respectively, as investors weighed the impact of Nvidia’s recent performance on broader market sentiment.
The dip in the Nasdaq was largely attributed to Nvidia’s share price movement, which had triggered a broader pullback across technology stocks. The decline highlighted the sensitivity of the market to large-cap tech movements, even as other sectors showed mixed results.
Analysts note that while futures suggested a tentative recovery, the day’s losses underscored the challenges facing the market as it navigates post‑Nvidia volatility and broader economic concerns.
<small>Source: CNBC — read the original story there.</small>