Market Watch: Key Updates as Wall Street Awaits Nvidia and Salesforce Earnings
U.S. stock futures are holding steady this morning after a strong rebound in yesterday’s session, with investors awaiting major earnings reports from Nvidia and Salesforce later today. Automaker Stellantis has appointed a new CEO to navigate ongoing tariff challenges, and Vail Resorts is surging after reinstating its former chief executive. Here are five major developments to follow before the market opens.
1. Stock Futures Flat as Market Pauses Ahead of Nvidia Earnings
After breaking a four-day losing streak on Tuesday, U.S. stock futures are relatively unchanged in early trading. The S&P 500 rose 2.1% yesterday, while the Nasdaq gained 2.5%, and the Dow Jones Industrial Average climbed over 700 points, or 1.8%. As the market steadies, investors are focused on upcoming earnings from tech heavyweights. Meanwhile, Bitcoin (BTCUSD) is down 1%, trading below $109,000. Yields on the 10-year Treasury note are ticking higher, alongside gains in oil and gold futures.
2. Nvidia Expected to Post Strong Revenue Growth Amid China Trade Concerns
Nvidia (NVDA) is in focus ahead of its Q1 earnings report after the bell. Analysts expect adjusted earnings of $0.86 per share on $43.28 billion in revenue — a 66% year-over-year surge. The company is also expected to address the impact of U.S. export restrictions to China, which could result in a $5.5 billion charge related to its H20 chips. Nvidia shares are up slightly in premarket trading.
3. Salesforce to Report Q1 Results Following Informatica Deal
Salesforce (CRM) will also release its Q1 earnings after market close. Analysts are forecasting EPS of $2.55 on $9.75 billion in revenue, representing a 7% increase year-over-year. The report comes one day after Salesforce announced an $8 billion acquisition of Informatica (INFA), a move aimed at strengthening its AI data capabilities. Shares, which have fallen 17% this year, are inching higher in premarket trading.
4. Stellantis Names Antonio Filosa as New CEO Amid Tariff Pressures
Stellantis (STLA), the parent company of Jeep and Chrysler, has promoted company veteran Antonio Filosa to CEO. Filosa has served with the automaker for 25 years and was most recently COO of the Americas. The leadership change comes as Stellantis grapples with declining sales and uncertainty from U.S. tariffs. The company recently withdrew its full-year guidance and reported a 14% drop in Q1 revenue. Shares are down about 1% in early trading.
5. Vail Resorts Shares Surge on Return of Former CEO
Vail Resorts (MTN) is rallying 11% in premarket action after announcing that Rob Katz, its former CEO and current Executive Chairperson, will return as chief executive. Katz replaces Kirsten Lynch, who is stepping down but will remain as an advisor. The leadership shake-up follows a turbulent year for Vail, marked by a 12-day ski patrol strike in Utah and a 20% drop in share price year-to-date.
