Morning Movers: Nvidia jumps after GTC, Trump comments

Morning Movers: Nvidia jumps after GTC, Trump comments

Markets are starting the day on a positive note as enthusiasm surrounding artificial intelligence and expectations of upcoming interest-rate cuts fuel a broad risk-on rally. Investors widely anticipate that the Federal Reserve will announce a 25-basis-point rate cut later today — a move that has already been largely factored into market pricing

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Mega-cap tech giants continue to drive the market higher, with Nvidia on track to surpass a $5 trillion market capitalization. The broader equity rally is supported by strong corporate Earnings and positive trade developments, including Improving U.S.-Asia relations and easing concerns over potential export tensions.

Despite the upbeat market sentiment, investors are navigating a “data blind spot” caused by the ongoing U.S. government shutdown, which has delayed the release of key economic reports. This lack of data leaves both the Federal Reserve and market participants without clear insights into labor market and inflation trends.

In pre-market trading, S&P 500 futures gained 0.24%, Nasdaq futures advanced 0.38%, and Dow futures rose 0.23%.

Stay tuned to Stockxpo for a look at today’s top market movers and the latest updates from Wall Street.

HIGHER – Nvidia (NVDA) jumped 3% in early trading as the company moves closer to reaching the remarkable $5 trillion market capitalization milestone.

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