US Futures Steady Ahead of PCE Data, Nvidia Earnings
US stock futures were little changed on Wednesday as investors awaited the latest US PCE price index report, the Federal Reserve’s preferred measure of inflation. Nvidia’s quarterly results, due after the closing bell, will also be closely watched for signs of continued strength in artificial intelligence-driven demand. Meanwhile, Fed Chair Kevin Warsh is scheduled to speak at the annual Jackson Hole symposium on Friday, although he is not expected to provide clear guidance on the central bank’s policy decision in September. In regular trading on Tuesday, the Dow gained 0.3%, the S&P 500 rose 0.32%, and the Nasdaq Composite advanced 0.66%. Technology stocks led the gains, with companies tied to AI infrastructure outperforming. The advance came as long-term Treasury yields retreated from recent highs, while softer oil prices helped ease concerns over inflation.
US stock futures were little changed on Wednesday as investors awaited the latest US PCE price index report, the Federal Reserve’s preferred measure of inflation.
Nvidia’s quarterly results, due after the closing bell, will also be closely watched for signs of continued strength in artificial intelligence-driven demand.
Meanwhile, Fed Chair Kevin Warsh is scheduled to speak at the annual Jackson Hole symposium on Friday, although he is not expected to provide clear guidance on the central bank’s policy decision in September.
In regular trading on Tuesday, the Dow gained 0.3%, the S&P 500 rose 0.32%, and the Nasdaq Composite advanced 0.66%.
Technology stocks led the gains, with companies tied to AI infrastructure outperforming.
The advance came as long-term Treasury yields retreated from recent highs, while softer oil prices helped ease concerns over inflation.