S&P 500 futures rise as investors await bank earnings, inflation reading: Live updates
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Shares of Nvidia jumped 4.5% in premarket trade on Tuesday, after the company said it was hopeful it could soon resume sales of its H20 chips to China.
"The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon," the company said in a statement on Tuesday.
Read more here.
— Chloe Taylor
Asia-Pacific ended the day higher Tuesday.
Hong Kong's Hang Seng Index added 1.6% to close at 24,590.12, while mainland China's CSI 300 index was flat at 4,019.06.
Japan's Nikkei 225 benchmark added 0.55% to close at 39,678.02, while the broader Topix index was flat at 2,825.31.
Meanwhile, South Korea's Kospi index increased by 0.41% to close at 3,215.28, while the small-cap Kosdaq advanced 1.69% to 812.88.
Australia's S&P/ASX 200 benchmark ended the day 0.7% higher at 8,630.30.
Over in India, the 50-stock benchmark Nifty 50 was up 0.43%, while the Sensex index moved up 0.31% as of 1.55 p.m. Indian Standard time (4.25 a.m. ET).
— Amala Balakrishner
We're just over half an hour into Tuesday's trading session, and European shares are broadly moving higher.
The pan-European Stoxx 600 was last seen trading around 0.2% higher, with most sectors trading in positive territory.
Regional shares are coming off of a mostly losing session on Monday, as investors reacted to U.S. President Donald Trump's threat to to slap 30% tariffs on goods from the European Union next month.
— Chloe Taylor
June's consumer price index could be the first to show the tariff impact. Here are what economists polled by Dow Jones are expecting: Headline: 0.3% monthly increase, 2.7% increase on an annual basis
Core: 0.3% monthly increase, 3% gain on an annual basis
The inflation reading is due out Tuesday at 8:30 a.m. ET.
— Sarah Min
Companies have a low bar to clear this earnings season.
The S&P 500 is projected to post a blended earnings growth rate of 4.3% in the second quarter, on a year-over-year basis, according to FactSet data. That would be the lowest for the index going back to the fourth quarter of 2023, when it was just 4.0%.
— Sarah Min
Advertising tech company The Trade Desk will become part of the S&P 500, effective before trading opens on Friday, July 18, according to S&P Dow Jones Indices.
Joining the broad market index tends to lift a company's share price: The Trade Desk jumped 14% in extended trading following the announcement. Stock chart icon
The Trade Desk over the past day
Just last week, Wall Street firm Stephens predicted that The Trade Desk could be a potential contender to join the S&P 500's communications services sector, which is an underweight grouping in the index.
The Trade Desk will replace software company Ansys , which is on track to be acquired by Synopsys on or about Thursday.
— Darla Mercado, Jordan Novet
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