Market Watch: US Stock Futures Take a Hit

Early Wednesday witnessed a downturn in United States stock futures, as the financial community braces for the imminent release of crucial retail sales data. This comes on the heels of a tepid trading session the previous day, with all major indices recording losses.

Nvidia's Significant Sales Loss

Highlighting the day's developments, Nvidia Corporation faces a staggering $5.5 billion in losses, a situation that has sent ripples across the market. This news has particularly impacted the tech-heavy Nasdaq, which saw futures drop by 2.19%.

Indices and Currency Movements

At 4:28 am ET, the Dow Jones futures were down by 0.81%, translating to a 310-point decline, while the S&P 500 futures fell by 1.45%. In currency markets, the euro gained 0.73% against the dollar, trading at $1.13655 by 4:34 am ET.