May expiration Corn Futures (/ZCK26) staged a late day rally on Thursday settling up roughly +0.34% at $4.43 ½, overcoming a weekly export report surprise.
Inflation appears a lingering issue after the Producer Price Index for December showed wholesale prices rose 0.5%, above expectations, suggesting the next PCE report might be hot.
Nvidia's results, and to a lesser extent earnings from Salesforce, are the main focus this morning after a tech-led rally to two-week highs yesterday. PPI looms early Friday.
Stocks are in the red across the board as a strong “beat and raise” quarter from chip maker Nvidia fails to lift investor sentiment around the AI trade.
Nvidia results after the close dominate the news cycle barring outside events. Salesforce also reports this afternoon following a revival for software stocks in yesterday's rally.
After a Monday marked by trade-related uncertainty, key software, consumer, and tech results vie for attention today and tomorrow, starting with Home Depot. Nvidia looms Wednesday.
Ether is the second-largest cryptocurrency behind bitcoin, and its purpose and drivers are different than bitcoin's. Learn more about the factors that can affect ether performance.
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