S&P 500 and Nasdaq futures ticked higher on Wednesday, with Nvidia poised to surpass $5 trillion in market value ahead of results from three "Magnificent Seven" companies and the Federal Reserve widely expected to cut interest rates.

The firm, which recently announced the departure of CEO Emma Walmsley at the end of the year, now expects to generate core earnings per share growth of 10% to 12%, up from a previous forecast of 6% to 8%. GSK also lifted its turnover growth forecast and operating profit growth outlook.

Stock futures were struggling for direction early Tuesday, with investors seemingly content to sit on the sidelines as they try to figure out whether a flurry of earnings reports and the Federal Reserve’s next policy decision will take any of the shine off of equities’ record-breaking run.

There could also be some trade-related developments between the U.S. and China. On October 30, the 2025 Asia-Pacific Economic Cooperation (APEC) summit will kick off in Gyeongju, South Korea and President Donald Trump and President Xi Jinping are expected to meet face-to-face to address trade disputes.

U.S. stock futures were fluctuating on Wednesday following Tuesday’s advance. Futures of major benchmark indices were mixed.

Major stock indexes rose Thursday, as investors digested the latest batch of corporate earnings and China trade news.