New York, NY – Stock futures surged on Thursday following Nvidia’s robust quarterly results, with the technology giant exceeding expectations on both the top and bottom lines. Nvidia’s performance was driven by strong demand in the artificial intelligence sector. As a result, shares of Nvidia rose by 1.8%.

Notably, other tech shares also saw gains, with Broadcom and Tesla each climbing around 2.3%. The positive momentum in the tech industry helped boost investor confidence in the market.

Despite the overall market positivity, concerns loomed over President Donald Trump’s trade policies after he announced tariffs against Canada, Mexico, and the European Union. This news caused a slight dip in stock prices as investors reacted to the uncertainty surrounding trade relations.

The S&P 500 index managed a minor gain on Wednesday, bringing an end to its four-day losing streak. However, the Dow Jones Industrial Average saw a drop of 0.4%, while the Nasdaq Composite added nearly 0.3%. With only two trading sessions left in February, all three major averages are on track to finish the month lower.

Analysts advise caution amid the market fluctuations, highlighting recent economic reports that have raised concerns about the health of the U.S. economy. Traders are closely watching indicators such as weekly jobless claims and the Federal Reserve’s preferred inflation gauge to gauge the market’s direction in the coming days.

In conclusion, the stock market’s performance remains fluid as investors navigate through trade uncertainties and economic indicators. The focus is now on monitoring key data points to assess the market’s resilience and potential for future growth.