Futures steady as markets await inflation data and Nvidia earnings

ca.finance.yahoo.com

US stock futures held steady Wednesday ahead of key inflation data and Nvidia's earnings report, with the Nasdaq-100 dipping 0.2% after Tuesday's gains. Investors await the core Personal Consumption Expenditures index, expected to hold at 3.3%, which could pressure the Fed to raise rates if it accelerates. The report precedes Fed Chair Kevin Warsh's Jackson Hole speech. Nvidia's post-market earnings serve as a barometer for the AI trade, with high expectations on AI investment returns. CrowdStrike, Williams-Sonoma, Okta, and Abercrombie & Fitch also report Wednesday.


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