Market Optimism Rises with Nvidia's Earnings Beat

Wall Street's major stock exchanges saw an uplift in premarket trading on Thursday, buoyed by Nvidia's latest earnings report that not only surpassed analyst expectations but also provided positive guidance for the future. This development has injected a dose of optimism among investors, setting a positive tone for the day.

Anticipation Builds for U.S. Economic Indicators

Investors are now turning their attention to the upcoming release of the United States gross domestic product (GDP) report, along with data on jobless claims and pending home sales. These indicators are highly anticipated as they provide critical insights into the health of the U.S. economy and could influence market directions in the near term.

By 4:18 am ET, the Dow Jones had climbed by 0.26%, or 112 points, while the Nasdaq 100 and the S&P 500 also saw gains, advancing by 0.55% and 0.49%, respectively. Meanwhile, the euro remained steady against the dollar, trading at 1.04797 at 4:19 am ET.