U.S. stock futures showed modest gains early Thursday as investors positioned for Nvidia's highly anticipated earnings report. Nasdaq futures edged higher, while Treasury yields ticked down, suggesting a slight shift toward risk assets. The dollar weakened against major currencies, potentially benefiting multinational corporations' overseas earnings.

The market movement comes ahead of Nvidia's quarterly results, which could signal the health of the AI boom driving tech valuations. Investors are closely watching for signs of sustained demand for the chipmaker's processors, as Nvidia's performance often sets the tone for the broader semiconductor sector. Treasury yields falling typically indicates increased demand for government bonds, which can signal economic uncertainty or a flight to safety.

With the Federal Reserve's next meeting looming, traders are parsing economic data for clues about interest rate trajectories. Lower yields could provide breathing room for growth stocks, particularly in the tech-heavy Nasdaq. The dollar's weakness might also support U.S. exports, though it could pressure import-heavy industries. Market participants remain cautious, balancing optimism about AI-driven growth against concerns about inflation and economic slowdown.