The following news items are the most crucial for investors to know as they begin their trading day:
Chip boost 1.
On Thursday, investors rejoiced over Nvidia’s good earnings announcement, driving up stock futures. The Nasdaq 100 futures increased 1.1% while the S&P 500 futures increased by 0.5%. The futures for the Dow Jones Industrial Average, though, were less optimistic, dropping 38 points, or 0.1%.
2. Nvidia continues to rise
Nvidia released solid forecasts on Wednesday after the bell and topped analysts’ expectations for its fiscal second quarter. The business recorded a startling 422% growth in net profits during the same period the previous year, reaching $6.7 billion.
3. Eight arguments
The first Republican presidential primary discussion of the election season included eight candidates on stage, but one stood out. There were other competent candidates, including Vivek Ramaswamy, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Doug Burgum, and Asa Hutchinson. However, the front-runner Donald Trump, who was also qualified, declined to take part in the discussion, choosing instead to make his debate debut in a filmed interview with former Fox News host Tucker Carlson.
4. Season of pumpkin spice
A new pumpkin has arrived in town. This year, Starbucks is introducing an iced pumpkin cream chai latte to the lineup in honour of the 20th anniversary of its pumpkin spice latte. It joins a seasonal menu that already includes the PSL and the five-year-old pumpkin cream cold brew. The launch of the new iced beverage coincides with an increase in Gen Z customers’ preference for iced drinks over heated ones among Starbucks customers. New, unique pumpkin spice beverages will also be available at Starbucks’ more upmarket Reserve locations, which also offer alcohol. These include a pumpkin spice espresso martini and a pumpkin spice whisky barrel-aged iced latte.
Wagner boss 5.
According to Russian media sources, Yevgeny Prigozhin, the leader of the Wagner Russian mercenary group, was reportedly killed in a plane crash on Wednesday. According to Russian authorities, he was named as a passenger on the business plane that crashed and killed all 10 people on board in the Tver region northwest of Moscow.