5 things to know before the stock market opens Thursday

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Here are five key things investors need to know to start the trading day:

The results are in: Nvidia reported second-quarter earnings and revenue that beat Wall Street’s expectations last night. The chipmaker also provided better revenue guidance than analysts had anticipated for the current quarter.

Here’s what else to know:

• Nvidia said it didn’t sell any H20 processors to Chinese customers in the quarter, but the company did release $180 million worth of H20 inventory to a client based elsewhere.
• Data center revenue soared compared to a year ago, but the figure still came in slightly under what analysts had forecasted.
• Shares were down around 1% in premarket trading this morning. Read what the report means for the broader AI trade and stock market.
• Follow live market updates.

Dollar General and Best Buy both exceeded Wall Street’s earnings and revenue expectations before the bell. Dick’s Sporting Goods also topped analysts’ estimates and raised its full-year sales and earnings guidance. But Bath & Body Works reported earnings slightly below expectations for its second quarter.

The retail reports come at the tail-end of the corporate earnings season. More than 97% of S&P 500 companies have already shared results, according to FactSet. Of those, FactSet found that more than eight out of every 10 have beaten the Street’s forecasts.

Regulators approved the latest round of Covid vaccines yesterday, but only cleared the shots for people at higher risk of severe illness from the virus.

Health and Human Services Secretary Robert F. Kennedy Jr. said the shots are available for “all patients who choose them” after they consult with doctors. But as of now, as CNBC’s Annika Kim Constantino reports, it isn’t clear how easy it will be to get a vaccine, or if insurance plans will still cover them for healthy adults.

Just hours after the announcement, the White House said it fired Centers for Disease Control and Prevention Director Susan Monarez after she refused to resign. At least four other officials also announced their resignations yesterday, a massive shakeup for the agency.

Sports fans who watch games on YouTube TV got good news yesterday amid Google‘s tiff with Fox. The platform’s parent company and the broadcast network said they came to an agreement that provides a short-term extension, meaning Fox’s channels won’t go dark on YouTube just yet. Google did not say how long the extension would last.

The tech company also made headlines yesterday for other reasons. In an all-hands call last week — the audio of which was reviewed by CNBC’s Jennifer Elias — Brian Welle, Google’s vice president of people analytics and performance, said the company had cut 35% of managers overseeing small teams over the last year.

CEO Sundar Pichai at the meeting emphasized the need for Google to “be more efficient as we scale up.”

Yes, we’re still talking about Taylor Swift’s engagement. In our defense, the stock market is too.

Signet Jewelers surged more than 6% yesterday, building on its initial pop following Swift’s announcement on Tuesday. Shares of Ralph Lauren, whose clothing appeared to be worn by both Swift and fiancé Travis Kelce in their engagement photos, also rose for another session.

American Eagle shares meanwhile rallied 8.5% after the retailer announced a collaboration with Kelce and Tru Kolors, his sportswear brand. It of course marks the latest celebrity campaign for American Eagle: The company’s denim ads starring actress Sydney Sweeney earlier this month stirred controversy and roiled the stock.

— CNBC’s Laya Neelakandan, Annika Kim Constantino, Jennifer Elias and Kif Leswing contributed to this report.