U.S. Stock Futures Muted Ahead of Nvidia’s Q2 Earnings

U.S. stock futures showed little movement early Wednesday as investors awaited Nvidia's fiscal second-quarter results. The semiconductor giant, which holds the largest weight in the S&P 500, is widely seen as a bellwether for artificial intelligence demand. Nasdaq 100 and S&P 500 futures edged down 0.03% and 0.02%, respectively, while Dow Jones Industrial Average futures remained flat.

Tuesday's trading session saw all three major indices close higher, shrugging off political turbulence following President Trump's abrupt dismissal of Federal Reserve Governor Lisa Cook. The Dow ROSE 0.30%, with the S&P 500 and Nasdaq Composite gaining 0.41% and 0.44% respectively.

After-hours trading delivered fireworks as MongoDB shares surged 30% on stellar earnings, while Okta climbed 6% after outperforming expectations. Market participants now turn their attention to upcoming economic data, including MBA Mortgage Applications—a critical gauge of housing market health.