US Stock Market Live: Nasdaq futures surge 110 points ahead of big bank earnings, inflation data
Published on 15/07/2025 12:42 PM
Nvidia Corp. plans to resume sales of its H20 artificial intelligence accelerator to China based on assurances from Washington that such shipments would be approved, a dramatic reversal from the Trump administration’s earlier stance.
US government officials have told Nvidia that they would green-light export licenses for the H20, the company said in a blog post on Monday. That China-specific variant of Nvidia’s AI chips was created to comply with earlier trade curbs, but has since April also been blocked from sale in China. A spokesperson for the Commerce Department, which oversees semiconductor export controls, did not immediately respond to a request for comment.
Nasdaq futures surged after Nvidia’s announcement, with Hong Kong and Chinese stocks also reacting positively. The Hang Seng Tech Index rose as much as 2.2%, while data center operators like Beijing Sinnet Technology Co. jumped as much as 7.6%.
Futures on Wall Street reversed early losses and are trading with gains, particularly those on the Nasdaq.
Futures on the Dow Jones are up 35 points, while those on the S&P 500 are currently above the flat line, having recovered losses of close to 70 points in early trading.
On the flip side, the Nasdaq futures are up over 110 points.
Futures on Wall Street are surging after reversing earlier losses.
Nasdaq futures are leading the surge.
All eyes are on big bank results and US CPI later this evening.
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