US Markets Poised for Gap-Up Opening Amid Strong Earnings
US markets are expected to open on a positive note today, August 27, as indicated by Dow Jones, S&P 500, and Nasdaq futures. The indices are likely to gap up due to strong Q2 earnings performances from major stocks like Nvidia, Salesforce, and others.
Nvidia's shares surged over 8% in pre-market hours on Nasdaq ahead of the opening bell today, as investors reacted positively to the company's better-than-expected financial performance in the June quarter results for 2026. The management's forward guidance was also positive, with a revenue outlook of $108 billion in the third quarter of FY2026-27.
Other stocks that will be in focus today include Dollar General, which raised its full-year earnings guidance and announced plans to repurchase shares under its existing share repurchase program. Salesforce also saw its shares surge over 10% as investors focused on the company's 11% YoY increase in Q2 revenues to $11.35 billion.
Despite a mixed close yesterday, with the Dow and S&P closing marginally lower while the Nasdaq 100 ended a few points higher, investors seem optimistic about today's market performance.