US stock futures (ES=F, NQ=F, YM=F) tick up Wednesday morning, looking to rebound from recent market turbulence as the Magnificent Seven near correction territory.

Semiconductor giant Nvidia (NVDA) is due to release its fourth quarter earnings results after today's market close, with Wall Street paying close attention to how Nvidia will respond to the emergence of China's DeepSeek AI.

US House lawmakers passed a budget bill that includes $4.5 trillion and $2 trillion in federal spending cuts.

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This post was written by Luke Carberry Mogan.