E-mini Nasdaq-100 futures rise on tech earnings wait
E-mini Nasdaq-100 futures extended a two-day rally as markets digest inflation data and look ahead to Nvidia’s fiscal second-quarter earnings. Core PCE stayed at 3.3% year-over-year, keeping higher-for-longer rates in focus.
E-mini Nasdaq-100 futures complete a two-day rally as traders navigate a mix of inflation data and major tech earnings.
Core PCE inflation held steady at 3.3% year-over-year, keeping higher-for-longer interest rate discussions active and creating a potential headwind for duration-sensitive growth stocks.
Meanwhile, the broader market awaits Nvidia's fiscal second-quarter earnings report.
With the tech giant representing a massive weighting in the index, participants remain focused on data center demand, AI capital spending, and forward guidance for market direction.