US Stock Market Live: Futures on Wall Street reversed early losses and are trading with gains, particularly those on the Nasdaq. Futures on the Dow Jones and the S&P 500 are currently above the flat line, having recovered losses of close to 70 points in early trading. On the flip side, the Nasdaq futures are up over 110 points. Watch this space for all the live updates.
US Stock Market Live: Futures on Wall Street reversed early losses and are trading with gains, particularly those on the Nasdaq. Futures on the Dow Jones and the S&P 500 are currently above the flat line, having recovered losses of close to 70 points in early trading. On the flip side, the Nasdaq futures are up over 110 points. This is after AI giant Nvidia said that it will resume the H20 AI chip sales to China soon, following assurance from the US government. Benchmark indices ended a rangebound session higher on Monday, having traded in a narrow range. The major trigger for today’s session is the June CPI data, which is likely to rise year-on-year, as well as on a month-on-month basis. The other major trigger is the earnings season, that begins today on Wall Street, with major banks like JPMorgan Chase, Citigroup and Wells Fargo reporting results today. These earnings could have a bearing on the Dow Jones trajectory as they are major components of the 30-stock index. The US Dollar Index is above 98, Brent crude prices are below 69, while Gold remains above the $3,350 mark. Watch this space for all the live updates.