Stock futures rise sharply after Nvidia’s blockbuster results. Technology stocks rise; Report jobs on click; Walmart toggle menu

Stock futures rose sharply on Thursday, a day after AI darling Nvidia (NVDA) reported quarterly results above analysts’ lofty expectations.

Futures tied to the tech-heavy Nasdaq, the S&P 500, and the blue-chip Dow Jones Industrial Average rose 1.4%, 1%, and 0.4%, respectively. Yesterday, the Dow Jones and S&P 500 halted a four-session slide ahead of Nvidia’s earnings, while the Nasdaq finished higher for the first time this week.

After the bell on Wednesday, Nvidia’s fiscal 2026 third-quarter results beat Wall Street expectations and the company also issued rosy revenue guidance for the current quarter, with CEO Jensen Huang saying sales of its AI platform Blackwell were “off the charts.”

Nvidia shares rose in extended trading and were recently up nearly 5%. Shares of AI chipmakers rose in the aftermath, including shares of Advanced Micro Devices (AMD), Broadcom (AVGO), and Intel (INTC), which were up 4%, 3%, and 1.5% respectively before the bell.

Nvidia’s “Magnificent Seven” big tech brethren — by market cap, Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG; GOOGL), Amazon (AMZN), Meta Platforms (META), and Tesla (TSLA) — all pointed higher as well.

Walmart (WMT) shares fell 2% even though it reported better-than-expected third-quarter earnings and revenue, and raised its financial outlook for 2026. The world’s largest retailer also announced it would switch its stock listing to the Nasdaq from the New York Stock Exchange.

Market participants are also awaiting the September jobs report on Thursday, which was delayed due to the 43-day US government shutdown. The report was originally scheduled to be released on October 3, two days after the lockdown began. The Bureau of Labor Statistics also announced Wednesday that complete jobs data for October will not be published.

Bitcoin, which hit its lowest level since April 22 yesterday, was trading at around $91,900, up from $89,400 overnight.

The yield on the 10-year Treasury note was little changed from Wednesday’s close of about 4.14%. The US dollar index, which measures the dollar’s performance against a basket of foreign currencies, rose to 100.28.

West Texas Intermediate crude futures, the U.S. oil benchmark, rose 1% to about $60 a barrel. Gold futures fell 0.4% to $4,065 an ounce.