Nvidia's blowout earnings have lifted European shares and US futures.European shares and US index futures rose in early trade on Thursday, with the technology sector boosted by Nvidia's (NASDAQ:Don't let your portfolio fall behind.
Investors focused on the 10-to-1 stock split, which means reduced price and more shares outstanding, making it more affordable for investors to buy its shares. Where the stock trades and whether it holds the gains could have a big influence on the direction of US indexes today. Now QQQ is set to open with a gap, following Nvidia’s after-hours shares surge. Incidentally, the futures market indicates an open around the 127.2% extension level of 459.21.
Notably, several participants expressed doubts about whether the policy was sufficiently restrictive. However, this perspective must be considered in light of the strong inflation and job market data from March. Despite more encouraging data in April, some hawkish members, such as Neel Kashkari and Chris Waller, continued to express concerns about inflation.