US futures fall pre-bell as Nvidia flat, Middle East talks drag
This digest was compiled by AI from multiple sources — links to the originals are below.
US equity futures fell pre-bell Thursday as Nvidia stock remained flat despite a fiscal Q1 earnings beat. The decline also reflected ongoing Middle East peace talks that showed no signs of progress.
Nvidia Earnings Beat
Nvidia reported fiscal Q1 earnings that exceeded analyst expectations, with revenue of $28.3 billion versus the $26.5 billion consensus. Despite the beat, the stock traded flat in pre-market, suggesting investors had already priced in the strong results. The muted reaction weighed on the broader tech sector.
Middle East Talks Stalemate
Peace negotiations between Israeli and Palestinian delegations in Cairo entered a third day with no breakthrough. Mediators from Egypt and the US reported disagreements over security arrangements and border controls. The lack of progress contributed to risk-off sentiment across global markets.
Oil Prices and Ceasefire Talks
Crude oil remains elevated as ceasefire negotiations in Cairo continue without a breakthrough. A failure to reach an agreement could further extend oil prices, potentially triggering a rotation down in equity futures.
What's Next
The S&P 500 and Nasdaq are set to open lower, with traders watching for any catalyst from Nvidia's earnings call later today. It remains unclear whether the Middle East talks will yield a framework agreement or collapse, keeping markets on edge.
2 sources
US futures fall pre-bell as Nvidia flat, Middle East talks drag
