Target shares rise after beating earnings forecasts, while Nvidia’s upcoming results drive market focus amid Samsung strike concerns.
Dow Jones, S&P 500, and Nasdaq futures edged lower early Wednesday ahead of Nvidia’s earnings report. Target outperformed expectations, boosting its stock before the bell. Investors await Nvidia’s results, which could sway broader market sentiment.
The market retreated Tuesday as Treasury yields climbed, but chip-related stocks, including Micron and Sandisk, extended gains. A planned strike by Samsung Electronics workers threatens memory-chip supply for AI hardware, adding pressure to the sector.
Apple remains near record highs, joining other top-rated growth stocks on recent performance lists. Futures suggest cautious trading ahead of Nvidia’s report.