Nvidia Drives Dow Jones Futures Higher as Inflation Worries Ease

Dow Jones futures surged on Thursday as Nvidia's strong quarterly results and revenue guidance lifted market sentiment. The chipmaker's stock jumped nearly 7% in extended trading after beating expectations with its second-quarter earnings.

The advance in Dow Jones futures, which rose by 0.18%, was driven by the surge in Nvidia shares following the company's better-than-expected results. S&P 500 and Nasdaq 100 futures also gained ground, rising by 0.41% and 0.89%, respectively.

The strong performance of tech stocks like Nvidia comes after a mixed session for Wall Street indexes on Wednesday, when they closed lower following hotter-than-expected inflation data. The July PCE price index accelerated to 0.2% month-on-month, edging past the 0.1% consensus.