Stock futures opened mixed Wednesday evening after dropping during the regular trading day, with investors giving back some gains as jitters over inflation remained and overshadowed the latest batch of solid corporate earnings results.
Contracts on the S&P 500 were flat as the overnight session kicked off. Though the index ended Wednesday’s session lower, it remained up by 1.8% for November to date, and was less than 0.7% below its all-time intraday high.
Nvidia (NVDA) shares jumped in late trading after the semiconductor company posted record quarterly revenues and strong full-year guidance, suggesting it was effectively navigating a lingering global shortage and meeting elevated demand. Cisco (CSCO), however, saw results dented by components shortages, and the computer networking equipment company posted a disappointing current-quarter forecast.
Meanwhile, retailer Victoria’s Secret (VSCO) saw shares surge in late trading after delivering much better-than-expected third-quarter profits and suggesting sales would grow by as much as 3% in the current period.
