Wall Street Futures Trade Mixed Following Nvidia Leadership Shock and Broad Market Slide
U.S. stock futures traded mixed ahead of the opening bell following yesterday’s broad market pullback, as investors digested news of Nvidia CEO Jensen Huang’s sudden resignation alongside rising Treasury yields and geopolitical tensions. In pre-market action, Dow futures rose 112.00 points (+0.21%) to 52,502.00, and S&P 500 futures gained 12.00 points (+0.16%) to 7,627.25. Meanwhile, Nasdaq 100 futures edged lower by 22.75 points (-0.08%) to 28,361.75, following yesterday’s cash session close where the DJIA fell 189.40 points (-0.36%) to 52,297.09, the S&P 500 slipped 26.98 points (-0.35%) to 7,592.40, and the Nasdaq Composite dropped 100.10 points (-0.39%) to 25,366.09.
Dow Jones Industrial Average
Dow Jones Industrial Average posted a bearish close yesterday, shedding 189.40 points (-0.36%) to settle at 52,297.09, which could serve as an early indication of further near-term weakness. While there is no strong directional momentum established yet, price action remains compressed above the daily EMA 100 ($51,880.67). If bearish continuation unfolds from current levels, the lower white ascending trendline and the daily EMA 200 ($50,781.37) will become the primary downside targets for traders to monitor.
Visa Inc. (V)
Shares of Visa Inc. (V) showed signs of near-term weakness, falling 1.23% during the previous session to close at $420.31. With selling pressure emerging off recent highs, there is a distinct possibility of a corrective pullback toward the $380.00 – $400.00 horizontal support zone, which could serve as a primary area of interest for buyers looking for a bullish bounce. Should a deeper pullback materialize below that zone, the lower white ascending trendline—alongside dynamic support at the daily EMA 100 ($378.32) and daily EMA 200 ($360.84)—will become the next major technical target.