Stock Market Today: Do, S&P 500, Nasdaq Futures Gain Ahead Of NVDA’s Q1 Report— CAVA, AMC Entertainment, Roblox In Focus (UPDATED)

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)

U.S. stock futures rose on Wednesday following two consecutive days of lower closes for the S&P 500 and Nasdaq 100 indices on Tuesday.

Investors are awaiting Nvidia Corp.‘s (NASDAQ:NVDA) first-quarter results scheduled to be released after the closing bell. Analysts are expecting NVDA to report second-quarter earnings of $1.76 per share on revenue of $79.04 billion.

Additionally, the Federal Reserve will be releasing the minutes of the Fed meeting later in the afternoon.

Meanwhile, the 10-year Treasury bond yielded 4.65%, and the two-year bond was at 4.10%. The CME Group’s FedWatch tool‘s projections show markets pricing a 96.7% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.45% at $737.00, while the QQQ was higher by 0.77% to $706.92.

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