US stock futures rose above breakeven late Tuesday as Wall Street braced for a pivotal earnings report from Nvidia.
Futures linked to the Dow Jones Industrial Average (YM=F) inched up 0.1%, contracts on the S&P 500 (ES=F) rose 0.2% and Nasdaq 100 futures (NQ=F) made gains of around 0.3%.
The muted action in futures followed a strong regular session on Tuesday where the S&P 500, Nasdaq Composite and Dow all rose as investors rotated back into technology shares.
Software and cybersecurity names staged a relief rally after AI startup Anthropic introduced new enterprise capabilities on its Claude Cowork platform, allowing integration with corporate applications such as Google (GOOG) Drive, DocuSign (DOCU), and LegalZoom (LZ).
Looking ahead for the week, Trump delivers his 2026 State of the Union address to a joint session of Congress Tuesday night. Considering Trump experienced the first major political pushback to tariffs over the past week, the address has gained heightened significance as an indicator for trade policy moving forward.
Beyond the State of Union, traders are also monitoring geopolitical developments, including rising tensions between the U.S. and Iran. Over the weekend, President Donald Trump threatened to lift global tariffs to 15%, though a 10% levy on imports took effect Tuesday.
With earnings still rolling on, all eyes now turn to Nvidia’s (NVDA) quarterly results, due Wednesday after the bell, alongside earnings from Salesforce (CRM) and Snowflake (SNOW). The reports arrive as investors reassess elevated tech valuations and scrutinize heavy AI-related capital spending by hyperscalers.
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Stock market coverage for Wednesday, February 25, 2026