Market Watch: US Stock Futures Take a Hit

Early Wednesday, United States stock futures witnessed a significant downturn, with investors keenly awaiting the latest retail sales data. This comes after a relatively flat trading session on Tuesday, setting the stage for a tense market environment.

Nvidia's Massive Sales Loss

Adding to the market's unease, Nvidia Corporation is bracing for a staggering $5.5 billion in losses, a development that has sent ripples across the tech sector and beyond.

Futures Performance Snapshot

At 4:28 am ET, the Dow Jones futures were down by 0.81% or 310 points, the Nasdaq 100 futures lost 2.19%, and the S&P 500 futures fell by 1.45%.

Euro Gains Against Dollar

In currency markets, the euro traded 0.73% higher against the dollar, reaching $1.13655 at 4:34 am ET.