Stock Market Today: Dow Jones Futures Rise, S&P 500 Slips Ahead of NVDA Q2 Earnings and Fed's Preferred Inflation Data— Zoom, Intuit, Datavault AI in Focus
U.S. stock futures were mixed on Wednesday, with the Dow Jones rising while the S&P 500 and Nasdaq 100 slipped. Investors await Nvidia's Q2 earnings and key economic data. Zoom (ZM) fell 5.20% despite strong earnings but weak guidance. Intuit (INTU) dropped 11.74% due to lower-than-expected FY27 guidance. Semtech (SMTC) rose 3.91% on better-than-expected results and strong guidance. Datavault AI (DVLT) gained 4.75% after Nasdaq granted it a compliance extension. Nvidia (NVDA) was up 0.30% ahead
How this was made
The 30-second read
Why it matters
Earnings guidance and regulatory updates are the primary drivers of short‑term price moves, while macro data will shape broader market direction.
Market read
Mixed earnings outcomes and upcoming macro data create a nuanced trading environment; individual stock moves hinge on guidance, while overall market direction depends on economic releases.
What to watch
Upcoming macro data (GDP, durable goods) could dominate market direction, reducing earnings impact.
Background
The article previews upcoming macro releases and summarizes recent earnings reports for several tech stocks.
Ticker impact
Zoom reported better-than-expected Q2 results but gave soft Q3 guidance, causing a 5.2% drop.
Further downside pressure if guidance remains below expectations.
Guidance below estimates typically leads to sell‑offs in the short term.
Intuit posted upbeat Q4 results but FY27 guidance fell short of estimates, sending the stock down 11.74%.
Potential continued decline until guidance improves.
Guidance miss outweighs earnings beat for investors.
Semtech beat Q2 expectations and raised Q3 guidance, lifting the stock 3.91%.
Likely modest upside as guidance exceeds consensus.
Guidance lift supports short‑term rally.
Datavault AI received a Nasdaq compliance extension, prompting a 4.75% jump.
Short‑term rally may continue if compliance is achieved.
Compliance extensions reduce near‑term risk for the micro‑cap.
Nvidia is expected to report Q2 earnings after market close, with consensus EPS $2.09 and revenue $92.01B.
Volatility expected around the earnings release.
Market pricing reflects expectations; surprise could move the stock sharply.
Market effects
Tech earnings and guidance drive sector sentiment; mixed results may temper AI hype.
U.S. futures reflect cautious tone ahead of macro data releases.
Global markets watch U.S. earnings and macro data for risk assessment.
Counterpoint
Despite guidance misses, some investors may view the earnings beats as a buying opportunity on valuation.
Key entities
- CompanyZoom Video Communications
Reported Q2 results with soft Q3 guidance.
- CompanyIntuit
Delivered Q4 earnings beat but lowered FY27 guidance.
- CompanySemtech
Beat Q2 expectations and raised Q3 outlook.
- CompanyDatavault AI
Received Nasdaq compliance extension.
- CompanyNvidia
Awaiting Q2 earnings release.
