Key Highlights in Finance Today: Nvidia Earnings, Target Shares Tanking, Fed Minutes, TJX Profit Beat, Urban Outfitters Gains

Today in the financial markets, all eyes are on Nvidia as the world’s hottest AI tech firm is set to report its earnings after the bell. Analysts are expecting surging sales, but warn that overly bullish investors could lead to volatile trading after the results are released. Meanwhile, Target shares are tanking in premarket trading following disappointing first-quarter results, with the retailer struggling due to a pullback in consumer spending.

Investors are also eagerly awaiting the minutes from the most recent Federal Open Market Committee meeting, which could offer clues on the Fed’s rate-cut path. Recent data showing a slowdown in job growth has raised hopes for a potential rate cut in the near future.

On a positive note, TJX shares are rising after the off-price retailer reported better-than-expected first-quarter profits, benefiting from consumers seeking bargains amid elevated inflation levels. Urban Outfitters shares are also gaining after the apparel retailer’s quarterly results beat analysts’ estimates, driven by strength in its non-namesake brands.

Overall, U.S. stock futures are little changed after hitting fresh records yesterday, setting the stage for an eventful day in the markets. Stay tuned for more updates on these key developments.