Stock Futures Flat Ahead of Inflation Report and Nvidia Earnings
Stock futures remained nearly unchanged ahead of the release of key U.S. inflation data on Wednesday, with traders also anticipating Nvidia's quarterly earnings report later in the week. The major indices closed higher after a session marked by falling bond yields and lower oil prices. The upcoming personal consumption expenditures (PCE) price index for July is closely watched as it influences Federal Reserve policy decisions ahead of its September meeting. Analysts expect modest inflation increases, with economists forecasting a 0.1% monthly rise and a 3.6% annual increase. The report will be key in determining the Fed's next steps on interest rates. Nvidia’s earnings are also expected to have broad market implications due to its large influence as the top S&P 500 company by market cap, exceeding $5 trillion.
Tickers: $NVDA