United States stock futures traded flat Monday night (Tuesday AEST) as investors looked ahead to Nvidia’s earnings report and the Federal Reserve’s preferred inflation measure later this week.
By 9:45 a.m. AEST (11:45 p.m. GMT), Dow and S&P 500 futures were up 0.1% each, while Nasdaq 100 futures were unchanged.
The moves followed declines on Wall Street on Monday, with the Dow Jones Industrial Average losing 0.8%, the S&P 500 falling 0.4%, and the Nasdaq Composite slipping 0.2%.
Markets remain focused on the prospect of interest rate cuts as early as September, after Fed Chair Jerome Powell signalled at Jackson Hole that easing could begin soon. Investors are betting that lower borrowing costs could spark gains in areas such as small-cap stocks.
Attention is also turning to Nvidia’s quarterly results, due Wednesday, which could provide fresh momentum for megacap technology names after recent volatility.
Investors will also parse a string of economic data this week. Tuesday brings reports on durable goods orders, consumer confidence, the Case-Shiller home price index, and the Richmond Fed manufacturing index.
Later in the week, Friday’s release of the July personal consumption expenditures (PCE) price index will offer the clearest signal on inflation trends and the Fed’s policy outlook.
