- Morning Watchlist
- Posts
- Nvidia Holds The Market Up
Nvidia Holds The Market Up
Tom White
October 29, 2025
U.S. stock futures are slightly higher in premarket trading after the three major indices settled at record highs ahead of the Federal Reserve’s interest rate decision. The Fed is widely expected to cut rates by a quarter point at the conclusion of its meeting this afternoon and traders will be focused on Fed Chair Powell’s comments.
Investors will also watch earnings today with five of the ‘Mag 7’ stocks reporting this week. Alphabet (GOOGL), Meta Platforms (META) and Microsoft (MSFT) are set to report after the close today and Apple (AAPL) and Amazon (AMZN) post results on Thursday.
Nvidia (NVDA) shares are at record highs this morning and hit a $5 Trillion market cap after CEO Jensen Huang said Nvidia expects $500 billion in AI chip orders and announced plans to build seven new supercomputers for the U.S. government.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are flat near $60.15 a barrel after falling about 2% on Tuesday, marking a third straight day of declines as investors considered the impact of U.S. sanctions against Russia’s two biggest oil companies on global supply, along with a potential OPEC+ plan to raise output.
Gold (/GC) – Gold prices are up over 1% near $4040 after it slipped to a three-week low on Tuesday as hopes for progress in U.S.–China trade talks dimmed its safe-haven allure, while investors’ focus tipped over to the Federal Reserve’s interest rate decision this week.
Bitcoin (/BTC) – The Crypto Future is down 0.5% near 113,000 in premarket trading.
VIX – The CBOE Volatility Index rose 4% on Tuesday and settled at 16.42 despite stocks rising to all-time highs.
U.S. Dollar (/DX) – The dollar is up slightly at 98.86.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
TER | Teradyne Inc | +20.17% |
CNC | Centene Corp | +10.36% |
STX | Seagate Technology | +6.09% |
GNRC | Generac Holdings Inc | -11.65% |
MDLZ | Mondelez International | -5.00% |
CVS | CVS Health | -3.89% |
Economic Data
Time | Event |
|---|---|
7:00 AM ET | MBA Mortgage Application |
8:30 AM ET | Intl. Trade in Goods Retail/Wholesale Inventories |
10:00 AM ET | Pending Home Sales |
2:00 PM ET | FOMC Announcement |
2:30 PM ET | Fed Chair Powell Presser |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
AER, AEP, ADP, AVT, BLCO, BA, EAT, CAT, CNC, CTSH, CVS, DAN, EQNR, ETSY, FI, FTV, GRMN, GEHC, GNRC, GSK, KHC, MAS, OSK, OTIS, PSX, REYN, UBS, VZ, WSO | AEM, ALGN, GOOGL, BHC, BOOT, CHRW, CP, CVNA, CMG, DVA, EBAY, FMC, KLAC, META, MGM, MSFT, MC, PRU, PSA, ROL, NOW, SFM, SBUX, TDOC, RIG, WEX, WOLF | AAP, MO, BUD, APTV, BAX, BIIB, BWA, BMY, BLDR, CAH, CMCSA, COMM, CROX, DTE, LLY, EL, FOXA, HSY, IP, K, KMB, LHX, MA, MRK, QSR, RBLX, SHAK, SO, TEX, TW, TT, VMC, WEC, WLK, XPO | AMZN, AAPL, TEAM, NET, COIN, EW, FSLR, FND, FBIN, GILD, GDDY, ILMN, MSTR, RDDT, RKT, ROKU, SYK, TWLO, WERN, WDC, WY, ZG |
Upgrades/Downgrades
KeyBanc upgrades Skyworks (SWKS) to Overweight from Sector Weight
Citi upgrades Qorvo (QRVO) to Buy from Hold
Wolfe Research upgrades Edwards Lifesciences (EW) to Peer Perform from Underperform
Deutsche Bank downgrades UnitedHealth (UNH) to Hold from Buy
Canaccord downgrades Kenvue (KVUE) to Hold from Buy
Tune in live from 8 a.m. to 5 p.m. ET, or anytime, anywhere, on‑demand.
Or stream it via thinkorswim® and thinkorswim Mobile, available through our broker-dealer affiliate, Charles Schwab & Co., Inc
Please do not reply to this email. Replies are not delivered to Schwab Network. For inquiries or comments, please email [email protected].
See how your information is protected with our privacy statement.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.
Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, or futures commission merchant.
Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.
Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.