Investors await key inflation figures and Nvidia’s results, weighing on futures as Fed policy signals loom.
Dow Jones futures held near 53,650 in European trading, while S&P 500 futures dipped 0.11% to 7,680 and Nasdaq 100 futures fell 0.23% to 29,210. Caution prevailed ahead of the US PCE inflation report, the Fed’s preferred gauge, and Nvidia’s post-market earnings.
Tuesday’s session saw tech-led gains, with the Nasdaq Composite rising 0.66% and the Dow and S&P 500 each up roughly 0.3%. AI-linked stocks drove advances, supported by a weaker US Dollar and lower crude oil prices easing inflation concerns.
Traders also eyed Fed Chair remarks at Friday’s Jackson Hole symposium for clues on September rate moves. Cyclicals outperformed as energy stocks lagged amid oil’s decline.