US Futures Trim Rebound
2026-05-21 11:23
By
Andre Joaquim
1 min. read
US equity futures inched lower on Thursday, trimming the rebound from last session as Treasury yields regained traction and results from Nvidia failed to extend the rally for AI companies.
Contracts for the S&P 500 and the Dow dropped around 0.3%, while losses for the tech sector pressured those for the Nasdaq 100 to a 0.8% fall.
Nvidia shares hovered near the flatline in premarket trading despite beating earnings expectations and increasing its dividend, as its guidance for the upcoming quarter did not meet the upper range of analysts estimates, which were common in past quarters.
Meanwhile, Intuit was 15% down as it would reduce its workforce by 17%.
In turn, Walmart was 2% down after despite beating the headline earnings metrics for the last quarter, pressured by a warning that higher fuel costs may hurt the business if sustained for longer.
Optimism over restored exports of Middle East energy eased from yesterday's session, lifting yields and pressuring broader equities.