US stock futures flat as markets await Nvidia earnings | News.az
US stock futures were flat Wednesday, with S&P 500 and Nasdaq-100 futures slightly down, as markets awaited Nvidia's earnings report and assessed the latest PCE inflation data. The core PCE index rose 3.3% in July, meeting expectations. Investors are also watching for Fed Chair Kevin Warsh's speech at the Jackson Hole gathering. Abercrombie & Fitch raised its guidance, boosting its shares 13%.
How this was made
The 30-second read
Why it matters
The article signals a wait‑and‑see market stance; traders should focus on the upcoming earnings and inflation data.
Market read
The piece is a pre‑market snapshot; the primary actionable items are Nvidia's earnings and the PCE inflation figure.
What to watch
Potential impact of the PCE reading on Fed policy expectations, which could affect rate‑sensitive sectors.
Background
Futures were flat ahead of the core PCE index release and Nvidia's earnings, with a modest dip in S&P 500 futures.
Ticker impact
Nvidia earnings are due after market close; the article notes investors are awaiting the report, making the stock a focus for traders.
Expect heightened intraday movement; price could swing on earnings surprise.
Earnings are a scheduled catalyst; no new guidance is provided yet.
Abercrombie & Fitch reported earnings, raised guidance and its shares jumped 13%.
Shares likely to continue upward momentum in the short term.
The earnings beat and guidance raise immediate buying interest.
Market effects
Tech sector sensitivity to Nvidia earnings; AI‑related stocks may react to Nvidia's results.
US equity futures flat; broader market sentiment remains cautious ahead of macro data.
PCE data and Nvidia earnings are watched globally, influencing risk appetite.
Counterpoint
If Nvidia misses expectations, AI‑related stocks could see sharp sell‑offs despite prior rally.
Key entities
- CompanyNvidia
AI chipmaker awaiting earnings report.
- CompanyAbercrombie & Fitch
Apparel retailer that beat earnings and raised guidance.
- InstitutionFederal Reserve
Publisher of the core PCE inflation data.



