Investors await Nvidia Corp.'s (NASDAQ:NVDA) highly anticipated earnings report on Wednesday. Meanwhile, the minutes of the Fed’s October FOMC meeting will also be released later today.
The 10-year Treasury bond yielded 4.12% and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing a 46.6% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.09%
S&P 500
0.23%
Nasdaq 100
0.24%
Russell 2000
0.32%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.22% at $661.56, while the QQQ advanced 0.24% to $597.74, according to Benzinga Pro data.
Stocks In Focus
Nvidia
Nvidia Corp. (NASDAQ:NVDA) rose 0.42% in premarket on Wednesday as analysts expect it to report earnings of $1.25 per share on revenue of $54.84 billion after the closing bell.
Benzinga’s Edge Stock Rankings indicate that NVDA maintains a stronger price trend over the long and medium terms but a weak trend in the short term, with a solid quality ranking. Additional performance details are available here.
Constellation Energy
Constellation Energy Corp. (NASDAQ:CEG) gained 3.49% after it secured a $1 billion Department of Energy loan to restart the Crane Clean Energy Center. This is expected to create 3,400 jobs.
CEG maintained a weaker price trend over the short term, but ...
