Today, the stock market saw a rise in futures after a four-day losing streak. The S&P 500 ended the day up after dropping below the 3,700 point mark.
The Dow Jones Industrial Average rose by more than 100 points, while the Nasdaq gained nearly 1%. Nvidia was the biggest gainer, rising more than 10% after the company reported strong earnings.
The rise came despite a drop in investor optimism, as the Dow Jones Industrial Average tumbled around 700 points earlier in the day. This was due in part to concerns about the impact of rising interest rates on the economy.
However, the market reversed course ahead of the Federal Reserve’s minutes from its latest meeting. Baidu also saw a surge on the back of its earnings report.
Investors will be keeping an eye on Nvidia’s earnings report, which is due out next week. If the company meets or exceeds expectations, it could provide a further boost to the market.
Overall, the stock market appears to be in a state of flux, with investors taking a wait-and-see approach.