US Stock Futures Trim Gains Before Nvidia Results: Markets Wrap
Written by Black Hot Fire Network on August 23, 2023
(Bloomberg) -- US equity futures pared gains as disappointing earnings updates weighed on investor sentiment ahead of results from chipmaker Nvidia Corp. Bonds rallied.
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Foot Locker Inc. tumbled 30% in premarket trading after cutting its 2023 earnings forecast, while Peloton Interactive Inc. slid 28% after its revenue prediction missed estimates. Contracts on the S&P 500 were up 0.2%, paring an earlier advance of as much as 0.6%. Nvidia added 0.7%.
Europe led a rally in global bonds after signs of a quickening downturn in the . . .
