Mixed Signals Ahead: US Markets Eye Lower Oil Prices and Earnings Reports
US markets are set for a mixed opening on Wednesday, August 26, as investors weigh lower oil prices and positive momentum from Asian markets. The Dow Jones futures indicate a 0.04% decline to 53,665 points, while S&P 500 index futures show a 0.12% decrease to 7,683 points.
The tech-heavy Nasdaq 100 futures have declined by 0.28% to 29,194 points, indicating a marginally lower opening compared to the previous US equity market close levels. Crude oil prices have dropped 9% over the last three days, trading at $84.59 per barrel.
Nvidia and Salesforce are set to release their earnings reports during post-market hours on Wednesday, with Nvidia shares trading higher in pre-market sessions. The company's April-to-June quarter earnings report is expected to be closely watched by investors.