Stock market after hours: Why S&P, Dow and Nasdaq futures are up today?

Stock market futures rose Wednesday night after AI giant Nvidia posted a strong earnings report

Updated on: May 29, 2025, 05:48:11 IST

By Yash Nitish Bajaj

Prefer HTon Google

Share via

Copy link

Stock market futures rose Wednesday night after AI giant Nvidia posted a strong earnings report. S&P futures rose at least 1,3%, while Nasdaq 100 futures were up 1.2%. Dow Jones Industrial Average futures gained 206 points, or 0.5%. This also comes after a federal trade court blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.

Stock market futures rose on Wednesday (Getty Images via AFP)

The ruling follows several lawsuits arguing that the president exceeded his authority and left the country's trade police dependent on his whims and unleashed economic chaos.

In after-hours on Wednesday, Nvidia shares gained more than 4%. James Demmert, chief investment officer of Main Street Research, told CNBC that the earnings report is ‘pivotal not just for Nvidia but for the entire stock market, as it can rejuvenate investor optimism across the board and help investors to focus on the power of AI and less on headlines out of Washington on tariffs and taxes’.

While Nvidia showed optimism, HP Inc. dropped about 15% in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings forecast.

Some of the main moves in markets:

Stocks

S&P 500 futures rose 1.3% as of 8:36 a.m. Tokyo time

Hang Seng futures fell 0.5%

S&P/ASX 200 futures rose 0.2%

Currencies

The Bloomberg Dollar Spot Index rose 0.2%

The euro fell 0.3% to $1.1256

The Japanese yen fell 0.5% to 145.63 per dollar

The offshore yuan was little changed at 7.1964 per dollar

Cryptocurrencies

Bitcoin rose 0.6% to $108,008.87

Ether rose 1.7% to $2,678.65

Commodities

West Texas Intermediate crude rose 0.5% to $62.18 a barrel

Spot gold fell 0.8% to $3,259.71 an ounce

(With inputs from Bloomberg)

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

Stay updated with US News covering politics, crime, weather, local events, and sports highlights. Get the latest on Donald Trump and American politics along with Horoscope 2026.