US Stock Futures Subdued in Run-up to Nvidia Results, Inflation Print
Traders are awaiting a 0.1% July inflation reading and Nvidia’s quarterly results, with Treasury yields and oil prices still shaping sentiment.
- Nvidia is set to report second-quarter earnings today, Wednesday, after the bell, while US stock futures remain little changed. Investors are monitoring the results as the biggest question remains why the stock's once-blockbuster growth has slowed.
- Ahead of the central bank's September meeting, July's personal consumption expenditures price index is set for release Wednesday at 8:30 a.m. Economists polled by Dow Jones expect a 3.6% year-over-year increase in the Federal Reserve's preferred inflation metric.
- Wall Street projects adjusted earnings per share of $2.10 on $92.18 billion in revenue for the quarter. These results would be nearly twice the levels from last year, according to data from LSEG.
- Federal Reserve Chairman Kevin Warsh is scheduled to speak on Friday at the annual symposium in Jackson Hole, Wyoming. Piper Sandler's Kurt Lewis expects the remarks to emphasize big-picture themes rather than a deep dive into the current economic outlook.
- Analysts now estimate Nvidia's EPS is headed for at least $9, up from around $6 in 2025. Based on the analyst consensus of $9.02 for fiscal 2027, the stock is trading at roughly 23.6x earnings.
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The Northern Virginia Daily
Jonesboro SunUS futures slip ahead of newest read on inflation and quarterly earnings from Nvidia
U.S. futures are slipping before the release of critical inflation and economic growth data, as well as quarterly earnings from Nvidia, the chipmaker that serves as a bellwether in the artificial intelligence sector. The S&P 500 pointed 0.1% lower before…
US stock futures subdued in run-up to Nvidia results, inflation print
Aug 26 (Reuters) - U.S. stock index futures were little changed on Wednesday as investors stayed cautious ahead of AI bellwether Nvidia's earnings and a closely watched inflation report that could influence interest-rate expectations. The Personal Cons...
In global markets, optimism about a possible resumption of diplomatic talks between the US and Iran is increasing risk appetite, while attention is focused on today's US growth and personal consumption expenditures (PCE) price index data, as well as Nvidia's financial results.
Global Market: Japan stocks rise ahead of Nvidia earnings, US inflation data
Japanese shares edged higher on Wednesday as investors awaited Nvidia’s quarterly earnings and key US inflation data for clues on the outlook for artificial intelligence spending and Federal Reserve policy. The Nikkei 225 rose 0.56%, while the broader Topix gained 0.61%. SoftBank Group led gains among major stocks, while investors also monitored the US PCE inflation data for signals on the Fed’s next rate move.
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