"Wall Street bounced back from this week's losses early Wednesday ahead of the latest earnings report from Nvidia, considered a bellwether for artificial intelligence sector. S&P 500 futures gained 0.3% before the bell, Dow Jones Industrial futures ticked up 0.1% and Nasdaq futures rose 0.4%. Nvidia reports its earnings for the last quarter after the closing bell. The most influential stock on Wall Street, Nvidia steers the direction of the S&P 500 some days."
"Target slid 1.9% after its third-quarter profit tumbled and the retailer said that it expects its sales slump to extend through the critical holiday shopping season. The Minneapolis company has struggled to lure inflation-weary shoppers and investors have punished it, sending its shares down 43% over the past year. Lowe's jumped more than 5% after the home improvement chain beat Wall Street profit targets and raised some of its full-year guidance."
"Constellation Energy jumped 3.4% after the U.S. Department of Energy said that it will loan $1 billion to help finance the restart of Constellation's nuclear power plant on Pennsylvania's Three Mile Island that is under contract to supply power to data centers for tech giant Microsoft. Elsewhere, in Europe at midday, France's CAC 40 ticked up 0.1%, Germany's DAX rose 0.4% and the FTSE 100 in Britain was unchanged."
Wall Street bounced back from this week's losses early Wednesday as investors positioned ahead of Nvidia's quarterly earnings. S&P 500 futures rose 0.3%, Dow futures 0.1% and Nasdaq futures 0.4%. Nvidia's strong demand for artificial-intelligence chips has helped lift its value to around $5 trillion at times, and its shares were up about 2% premarket. Target reported a tumble in third-quarter profit and warned sales weakness may persist through the holidays, while Lowe's beat profit targets and raised some guidance. Constellation Energy gained after a $1 billion DOE loan commitment for a Three Mile Island restart. Global equity moves were mixed and U.S. and Brent crude prices fell.
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