Stock Futures Inch Up as Bond Yields Hit Two-Month Low

Stock futures rose slightly on Wednesday as bond yields fell to a two-month low. S&P 500 futures rose 0.2%, while Nasdaq 100 futures gained 0.4%. This rise followed the latest Federal Reserve meeting minutes, which indicated continued tight monetary policy with no plans for rate cuts imminent. Nvidia, a major chip manufacturer, announced its results for the third quarter after the close of trading on Tuesday, beating profit and sales expectations. However, the company cautioned that export limitations to China might affect its fiscal fourth-quarter performance. The New York Stock Exchange will be closed for Thanksgiving on Thursday and will have an early closure on Friday.

The Nasdaq will be tested today after Nvidia results while FMOC even traders seem cautious and with tomorrow's closed day profit is taking more accurate which may mean some selloff. While today's data id they come supportive Nadaq may make some gains, but it will be limited.