U.S. Stock Futures Rise as Nvidia Earnings Loom and Oil Falls to $101.50
Updated
Updated · CNBC · May 20
U.S. Stock Futures Rise as Nvidia Earnings Loom and Oil Falls to $101.50
11 articles · Updated · CNBC · May 20
S&P 500 futures pointed higher on May 20 after a three-day losing streak, with Nasdaq 100 contracts also advancing ahead of Nvidia’s earnings after the close.
Oil fell $2.65 to $101.50 a barrel and the 10-year Treasury yield eased to 4.64%, lifting risk appetite after Donald Trump said the U.S. would end the Iran war “very quickly.”
Nvidia remained the market’s main catalyst, with investors looking for a beat-and-raise after shares cooled from last week’s record close near $236.
The rebound came as traders pared back rate-hike bets and watched whether lower energy prices and retreating long-term yields could stabilize a market pressured by a recent bond selloff.
With a 1970s-style oil shock looming, why are markets betting on an AI-fueled tech rally?
Can Nvidia's AI boom truly shield the global economy from a catastrophic war-driven oil crisis?