Stock market today: Dow, S&P 500, Nasdaq futures in holding pattern with Nvidia earnings on deck

US stock futures traded little changed on Wednesday as Wall Street counted down to Nvidia's (NVDA) earnings report.

Futures attached to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all hovered just below the flat line.

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As of 4:54:29 AM EDT. Market Open. YM=FES=F NQ=F

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Chip giant Nvidia is set to report its results on Wednesday after the bell. Investor expectations are sky-high, with Nvidia stock up around 35% so far this year despite US curbs on China chip sales. Investors will also be watching its results as a bellwether of Big Tech as investors show renewed skepticism toward relentless spending on AI.

In day trading, stocks cautiously rose Tuesday after President Trump moved to fire Federal Reserve governor Lisa Cook on allegations of mortgage fraud. Cook responded that she would not resign from her position and instead would file a lawsuit, setting up Fed independence to become a court matter.

Before the bell, Cracker Barrel (CBRL) stock continued to rise after the company bowed to calls from Trump and the public that it should never have scrapped its old logo. Cracker Barrel said in a statement that its "old" logo would be reinstated, and its redesign would be abandoned.

Okta (OKTA) shares also jumped as investors cheered earnings results that reflected booming demand for cybersecurity tools.

Meanwhile, UnitedHealth (UNH) stock continued its slide on reports the US Justice Department is investigating the company over more issues than Medicare fraud.LIVE1 update

Today at 5:40 AM UTC

Rian Howlett

$1T stock rally in China leads brokers to limit trades

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Bloomberg reports:

Read more here.

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