From Yahoo Finance: 2024-06-20 07:38:03

US stock indexes, led by Nvidia’s record-breaking surge, were poised for gains on Thursday. S&P 500 futures were up 0.4%, Nasdaq Composite futures up 0.7%, and Dow Jones Industrial Average futures up 0.1%. Wall Street is on track for another strong year driven by enthusiasm for AI, with Nvidia’s stock up over 170% in 2024. On the global front, the Swiss National Bank cut rates for the second time this year, and the Bank of England maintained rates at a 16-year high but hinted at a summer rate cut. Traders in the US are anticipating a Fed rate cut by September. Thursday’s focus is on weekly jobless claims.



Read more at Yahoo Finance: S&P 500, Nasdaq set to jump as Nvidia surge continues