Stock Market Today: Stocks bounce with Nvidia, inflation data in focus

Stocks are looking to rebound from the worst week for the Nasdaq in at least three months.

Feb 24, 2025 - 18:30
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Stock Market Today: Stocks bounce with Nvidia, inflation data in focus

U.S. equity futures moved increased in early Monday trading, helped by a pullback within the buck and accepted Treasury bond yields, as investors gave the impact to claw aid some of final week's appealing declines heading staunch into a key week for tech stocks on Wall Avenue.

The Nasdaq ended 2.5% lower on Friday, extending it be worst week of decline in three months, amid a broader market selloff that erased the total S&P 500's February gains and loped nearly 750 parts from the Dow Jones Industrial Moderate.

Markets were spooked by a disappointing discovering out of products and companies sector snarl, the economic system's key boost driver, from S&P Global's PMI story along with a giant soar in inflation expectations from the University of Michigan's benchmark consumer question.

Each concerns will likely be entrance-and-center as soon as more this week with the Commerce Division publishing its 2d estimate of fourth quarter GDP on Thursday and the Bureau of Financial diagnosis following with its PCE trace index details, the Federal Reserve's most popular inflation gauge, on Friday.

The readings may also apply the market's key February point of curiosity after the shut of trading on Wednesday, when AI chipmaker Nvidia (NVDA) publishes its fourth quarter earnings story and updates investors on its shut to-term outlook.

The crew's steering on AI question will likely be essential for market sentiment following the emergence of China-based DeepSeek's AI chatbot, allegedly created at a portion of the price of its competitors, and the hundreds of billions in planned AI spending by hyperscalers equivalent to Microsoft (MSFT) , Amazon (AMZN) , Meta Platforms (META) and Google guardian Alphabet (GOOGL) .

Nvidia earnings after the shut of trading on Wednesday are expected to be the market's key point of curiosity following final week's selloff.

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Nvidia's updates will successfully shut out the fourth quarter earnings season, which has topped most Wall Avenue forecasts and delivered 365 days-on-365 days profit boost of round 15.7%.

That tempo is expected to slack to round 8.3% over the three months ending in March, a traditionally weaker month for corporate profits, but the beefy-365 days forecast of an 11.1% make remains on goal.

Heading into the originate of the trading day on Wall Avenue, futures contracts tied to the S&P 500, which is now down 0.Forty five% for the month, are priced for a solid 32 point opening bell make, with the Dow Jones Industrial Moderate priced for a 297 point reach.

Connected: Walmart points a startling alternate outlook

The tech-focused Nasdaq, meanwhile, is known as 93 parts increased with Nvidia, Tesla (TSLA) and Intel (INTC) full of life in premarket trading.

Berkshire Hathaway (BRK.B) shares were also in point of curiosity, rising 1.4% after the funding automobile of billionaire Warren Buffett posted its third straight 365 days of file profits while noting his money region hit an all-time high of $334.2 billion.

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In Europe, Germany's DAX efficiency index became as soon as marked 0.9% increased in Frankfurt following the weekend election salvage for the heart-upright Christian Democrats, which paves the methodology for their chief, Fredrich Mertz, to present a coalition government over the arrival weeks.

The outcome, that can sideline the some distance-upright AfD part to the opposition within the German Bundestag, lifted the euro to a one-month high against the U.S. buck and helped the regional Stoxx 600 benchmark to a 0.24% make in mid-day trading.

Overnight in Asia, stocks within the arrangement extended their recent lunge of gains with the MSCI ex-Japan benchmark rising 0.24% into the shut of trading while the Nikkei 225 remained shut for the annual celebration of the Emperor's Birthday.

Connected: Worn fund supervisor unveils gaze-popping S&P 500 forecast

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