Stock futures moved higher Wednesday, thanks in part to a decline in oil prices, as traders looked ahead to the release of Nvidia’s first-quarter earnings report.
Futures for the Dow Jones Industrials gained 81 points, or 0.2%, to 49,540
Futures for the S&P 500 picked up 22.5 points, or 0.3%, to 7,400.50.
Futures for the NASDAQ sprinted 179.5 points, or 0.6%. to 29,103.75.
West Texas Intermediate futures shed 1.9% to trade at $102.14 per barrel. Brent crude pulled back 2% to $109.03.
Investors are turning their attention toward Nvidia, which reports its first-quarter earnings after the close. The report will be an important view into the artificial intelligence trade and provide the latest update on demand for chips.
Target shares climbed nearly 2% after the retailer reported a beat on first-quarter numbers and hiked its full-year sales outlook.
In Japan, the Nikkei 225 descended 1.2% Wednesday, while the Hang Seng index in Hong Kong lost 0.6%.
Oil prices dropped $2.66 to $101.49 U.S. a barrel.
Gold prices dulled $13.60 to $4,497.60 U.S an ounce.
