A trader works on the floor of the New York Stock Exchange. <\/p>\n
NYSE<\/p>\n
Stock futures were little changed on Thursday as investors kept an eye on the artificial intelligence trade as names in the space reach eye-watering valuations. Traders were also looking at Washington, as the Supreme Court heard arguments over the legality of the Trump administration’s tariffs. <\/p>\n
S&P 500 futures<\/a> ticked up 0.1% along with Nasdaq 100 futures<\/a>. Futures tied to the Dow Jones Industrial Average<\/a> slipped 5 points. <\/p>\n Nvidia shares rose more than 1% before the bell. However, Qualcomm shed 2% even after the chipmaker posted better-than-expected quarterly results. <\/p>\n Investors increasingly expect the Supreme Court to rule against the Trump administration’s aggressive trade policy after high court justices on Wednesday expressed some skepticism about the trade taxes’ legality<\/a>. The potential ruling would trigger a rollback of the president’s tariffs, likely pushing stocks higher.<\/p>\n AI-linked equities have also begun rebounding from valuation concerns that swirled earlier this week\u2014another potential boon for the major indexes. \u00a0<\/p>\n Advanced Micro Devices<\/a> closed more than 2% higher on Wednesday, after the semiconductor company reported better-than-expected third-quarter results. The performance pulled up some other AI stocks alongside it, including Broadcom<\/a> and Micron Technology<\/a>, which jumped 2% and 9% on the day, respectively. Oracle<\/a> also recouped some recent losses during the session.<\/p>\n The recovery of the AI names helped the market bounce back on Wednesday following a soft start to the week that has all three major U.S. indexes in the red week to date.<\/p>\n “We’re still very early in the AI super-cycle,” Dynasty Financial Partners’ Shirl Penney told CNBC’s “Closing Bell” on Wednesday. “There’s going to be continued significant capex, not just with some of the ‘Mag Seven,’ but also you see it with large financial firms like Schwab, JPMorgan and others.”<\/p>\n","protected":false},"excerpt":{"rendered":"A trader works on the floor of the New York Stock Exchange. NYSE Stock futures were little changed…\n","protected":false},"author":3,"featured_media":359780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,3],"tags":[9203,75698,7789,133,148,81,91320,174980,3346,135,7070,91322,50,147,25608,91321,134,67,132,68,25802],"class_list":{"0":"post-359779","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"category-us","9":"tag-advanced-micro-devices-inc","10":"tag-airbnb-inc","11":"tag-breaking-news-investing","12":"tag-breaking-news-markets","13":"tag-broadcom-inc","14":"tag-business-news","15":"tag-dow-jones-fut-sep25","16":"tag-expedia-group-inc","17":"tag-investment-strategy","18":"tag-markets","19":"tag-micron-technology-inc","20":"tag-nasdaq-100-fut-sep25","21":"tag-news","22":"tag-nvidia-corp","23":"tag-oracle-corp","24":"tag-sp-500-fut-sep25","25":"tag-stock-markets","26":"tag-united-states","27":"tag-unitedstates","28":"tag-us","29":"tag-vistra-corp"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115502784811845141","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/359779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=359779"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/359779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/359780"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=359779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=359779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=359779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}