Nvidia Earnings and Inflation Data Land on the Same Day - Here’s What Markets Are Bracing For
TLDR
- US stock futures were mostly flat Wednesday ahead of two major market events
- The Fed’s preferred inflation gauge, PCE, was due at 8:30 a.m. ET with economists expecting 3.3%
- Nvidia was set to report earnings after the bell, seen as a key indicator of AI spending health
- The Jackson Hole Fed symposium kicks off Thursday, with Chair Kevin Warsh set to speak
- Oil prices fell after Iran and Oman announced a framework to restore shipping safety in the Strait of Hormuz
US stock futures traded near flat on Wednesday morning as investors prepared for two events that could move markets: the release of the July Personal Consumption Expenditures report and Nvidia’s quarterly earnings.
Futures on the Dow Jones Industrial Average edged up 0.1%, while the S&P 500 slipped 0.1% and the Nasdaq 100 fell 0.2% in premarket trading. Tuesday had seen broad gains across the board.
The PCE price index, which is the Federal Reserve’s preferred measure of inflation, was due at 8:30 a.m. Eastern time. Economists forecast a core reading of 3.3%, unchanged from the prior month.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
