Wall Street Cautious Ahead of Nvidia Earnings, Inflation Data
What Happened
US markets opened mixed, with the S&P 500 slipping 0.1% and Nasdaq futures down 0.2%, as investors weighed fresh inflation data and awaited Nvidia's closely watched earnings report. The latest US inflation data showed headline PCE rising 3.7% year-on-year, while core PCE held steady at 3.3%, reinforcing expectations that the Fed may keep interest rates unchanged for now.
Key Takeaways
Markets are treading carefully as Nvidia earnings, AI demand trends, and Fed policy signals are expected to set the tone for Wall Street's next move.