Stock market today: Dow, S&P 500, Nasdaq futures rise in countdown to Nvidia earnings

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Updated Wed, May 20, 2026 astatine 5:09 AM CDT 1 min read

US banal futures climbed connected Wednesday arsenic Wall Street awaited Nvidia (NVDA) earnings, looking for a beardown awesome connected AI request to supply immoderate alleviation from ongoing ostentation concerns.

S&P 500 futures (ES=F) moved up 0.3%, portion those connected the Nasdaq 100 (NQ=F) jumped astir 0.7%. Contracts connected the Dow Jones Industrial Average (YM=F) , which includes less tech stocks, nudged up 0.1%. On Tuesday, stocks declined arsenic techs pulled backmost and Treasury yields surged.

CME - Delayed Quote USD

7,402.50 +24.50 (+0.33%)

As of 6:00:10 AM EDT. Market Open.

ES=F YM=F NQ=F

Investors are counting down to the merchandise of quarterly results from Nvidia, a catalyst for stocks much broadly successful the past. While shares successful the world's astir invaluable institution person continued to emergence this year, chipmaker rivals are closing in. Markets are pricing successful a determination of astir 5.5% for Nvidia shares successful either absorption pursuing the results, per Bloomberg.

Investors are looking to the results to gauge whether AI request volition proceed to boom, fixed the chipmaker is simply a linchpin of the industry. The absorption is connected clues to whether Big Tech is inactive spending massively connected AI buildouts .

That AI commercialized has buoyed markets disquieted astir geopolitical uncertainty and persistent terms pressures. Concerns that sticky ostentation volition unit the Federal Reserve to hike involvement rates person dampened involvement successful maturation stocks, including AI, arsenic US enslaved yields surged to levels not seen successful astir 2 decades.

The Iran warfare — a large operator of rising prices — continues with nary extremity successful sight. President Trump threatened to onslaught the Middle Eastern state successful the coming days if a bid woody isn’t reached soon and again asserted the warfare with Iran volition extremity "very quickly".

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Global agelong enslaved yields deed highest successful astir 2 decades

The selloff successful longer-maturity authorities bonds has pushed up yields to levels past seen during the planetary fiscal crisis, and marketplace participants are informing the determination has country to run.

From Bloomberg:

A surge successful planetary ostentation expectations has brought the mean output connected sovereign indebtedness owed successful a decennary oregon much to the highest since July 2008, a Bloomberg gauge shows. It comes arsenic the warfare successful Iran chokes disconnected the captious Strait of Hormuz waterway, sending Brent crude supra $110 a barrel.

Global long-dated bonds person been nether unit connected interest the leap successful vigor costs volition provender into everything from integrative bottles for soda to gasoline for tractors needed to harvest crops.

Add successful worries implicit authorities spending successful Japan, the UK and the US, arsenic good arsenic an artificial quality roar supporting maturation successful the world’s biggest economy, and investors person been seeking greater compensation to ain longer-maturity debt.

“We’re seeing a broader repricing of duration driven by fiscal realities, persistent ostentation risks and immoderate governmental uncertainty, arsenic good arsenic a much demanding capitalist base,” said Patrick Coffey, caput of a probe radical astatine Barclays Plc successful London. “It’s hard to constituent to a near-term catalyst extracurricular of the reopening of the Strait of Hormuz that could afloat reverse the existent selloff.”

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