5 crucial points to consider before the stock market commences trading on Thursday.

• Another strong Nvidia earnings report is expected to cause the S&P 500 and Nasdaq to increase.
• In January, officials from the Fed stated that they were not in favor of rapidly reducing interest rates.
• Boeing replaced the head of its troubled Max program.

The most crucial news items for investors to begin their trading day are:

1. A magnificent boost

On Thursday morning, the stock market is set to receive a boost from the tech-heavy Nasdaq, which has been on a three-day losing streak. The Nasdaq is poised to pop after the company reported another strong quarter, sending its shares more than 10% higher in premarket trading. Additionally, other potential catalysts for stocks on the day include weekly jobless claims and January existing home sales data, as well as earnings from companies such as . Keep track of live market updates here.

2. Feeling chipper

Nvidia reported a 265% increase in revenue year over year in its fourth quarter, exceeding Wall Street estimates. The surge was driven by strong demand for AI chips for servers, particularly Nvidia's "Hopper" chips. CEO Jensen Huang stated that the conditions are ideal for continued growth in the future. Nvidia's stock price has increased by nearly 200% in the past year, making it the primary beneficiary of the AI boom in the industry.

3. Slow your roll

At their January meeting, Federal Reserve policymakers expressed their reluctance to move quickly in cutting interest rates, according to minutes released Wednesday. Despite this, the central bank officials felt optimistic about their efforts to control inflation, which reached its highest levels in over 40 years in 2022. Policymakers indicated that they are likely done raising rates and want to see more progress in reducing price increases before loosening monetary policy. The expectation of rate cuts has contributed to the rise in the stock market this year.

4. Maxed out

Boeing is replacing its program head for the 737 Max program, Ed Clark, with Katie Ringgold after a hardware malfunction caused a grounding of all 737 Max 9s and sparked investigations into the operations. The move comes as Boeing continues to struggle with a history of malfunctions.

5. Corporate jet crackdown

The IRS is intensifying its scrutiny of corporate jets and will conduct audits of their usage, mostly by corporations and complex partnerships, to ensure high-income groups are not evading their tax responsibility.

The report was contributed to by Yun Li, Kif Leswing, Jeff Cox, Leslie Josephs, Sara Salinas, and Kate Dore of CNBC.

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