A trader is seen working on the floor of the New York Stock Exchange in New York City on August 26, 2025.
On Tuesday night, investors appeared optimistic as stock futures pointed higher, particularly following news from Nvidia, which could either bolster or challenge the current bull market.
Futures associated with the Dow Jones industrial average rose by 29 points, or about 0.06%. Meanwhile, S&P futures climbed by 0.7%, and Nasdaq 100 futures grew by 0.1%.
In after-hours trading, MongoDB surged nearly 30% after outperforming Wall Street’s expectations for its revenue. Additionally, Octa saw an increase of around 6% as its quarterly results and full-year forecasts surpassed analyst consensus. Both companies highlighted strong demand driven by enterprises developing AI technologies, which bodes well for Nvidia as it prepares to release its financial results post-Wednesday’s market close.
There’s a lot of anticipation surrounding Nvidia, particularly as it holds significant weight within the S&P 500 and is often seen as a barometer for AI advancement. The upcoming revenue report could either sustain or slow down the ongoing market rally, especially since major tech stocks had faced a downturn recently.
Analysts generally expect Nvidia will report figures exceeding consensus estimates. According to Factset, semiconductor firms have bested earnings expectations in 11 out of their last 12 quarterly reports; however, the stock has only surged after four of those reports.
“Investors seem quite uncertain, especially since Nvidia’s previous reports haven’t driven up prices as expected,” said one analyst. “But it’s still a crucial company amid significant global changes. Everyone seems to be trying to gauge where we are in this cycle; is this the start or are we further along?”
U.S. stocks experienced little fluctuation during Tuesday’s trading, reflecting a relatively calm market backdrop as discussions over Federal Reserve Governor Lisa Cook’s role intensified.
This week wraps up the trading for August, a month that has historically been tough for stocks. However, the three major U.S. indexes have seen positive movements, driven by optimism regarding potential interest rate cuts. The S&P 500 has gained 2% this month, while the Dow climbed 2.9% and Nasdaq also rose by 2%.
