Wall Street Poised to Rebound After Nvidia Earnings Surge

Wall Street is set to break its four-session losing streak, led by Nasdaq after Nvidia earnings pop. U.S. stock futures point to a higher start following a string of losses as traders welcome the bounce in Nvidia shares due to their better-than-expected earnings report. Analysts had predicted that the company would post weaker results for the quarter but instead, they reported strong sales and profits which sent their share prices up more than 10 percent premarket on Thursday morning.

This news has been welcomed by investors who have been feeling bearish about stocks over recent weeks due to concerns about trade tensions between China and US, slowing global growth, and other geopolitical issues such as Brexit uncertainty. The positive news from Nvidia could be just what Wall Street needs for it regains some confidence again with investors being able to see that there are still good opportunities out there despite all these risk factors at play right now.

The Dow Jones Industrial Average was up 0.6% while S&P 500 gained 0..5%. This suggests that Wall Street may finally be turning around after this long period of losses although it will remain important for traders to keep an eye on any further developments about trade tensions or other economic issues before making any big decisions regarding investments going forward into 2019.