US Futures Slide Ahead of Nvidia Earnings and Inflation Data

US futures slipped ahead of key economic data releases on Wednesday, including inflation and quarterly earnings from Nvidia.

The S&P 500 was down 0.1% before the opening bell, with Dow Jones Industrial Average futures falling slightly and Nasdaq futures dropping 0.2%.

Investors will get a crucial update on inflation when the US releases its report on July consumer spending, or personal consumption expenditures.

The Federal Reserve's preferred measure of inflation has remained above 3% since early this year, exceeding the central bank's target.