Investors are awaiting Nvidia Corp.‘s (NASDAQ:NVDA) first-quarter results scheduled to be released after the closing bell. Analysts are expecting NVDA to report second-quarter earnings of $1.76 per share on revenue of $79.04 billion.
Additionally, the Federal Reserve will be releasing the minutes of the Fed meeting later in the afternoon.
Meanwhile, the 10-year Treasury bond yielded 4.65%, and the two-year bond was at 4.10%. The CME Group's FedWatch tool‘s projections show markets pricing a 96.7% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.08%
S&P 500
0.30%
Nasdaq 100
0.68%
Russell 2000
0.36%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.35% at $736.30, while the QQQ was higher by 0.69% to $706.38.
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Stocks In Focus
Toll Brothers
Toll Brothers Inc. (NYSE:TOL) rose 2.30% in premarket on Wednesday after reporting upbeat earnings for the first quarter. The company posted quarterly earnings of $2.72 per share, which beat the analyst consensus estimate of $2.60 per share.
Benzinga’s Edge Stock Rankings indicate that TOL maintains a weak price trend in the long, medium, and short terms, with a solid value score.
Stellantis
Stellantis NV (NYSE:STLA) was up 0.82% as it signed a MoU with Dongfeng Group to ...
