Forex
US Stock Futures Steady Ahead of Inflation Data, Nvidia Earnings
US stock futures were steady ahead of Wednesday's open as investors awaited key inflation data and Nvidia's latest earnings report.
The Dow Jones futures were flat, while S&P 500 and Nasdaq-100 futures had the indices opening 0.04% and 0.08% softer, respectively.
On Tuesday, the Dow closed 160.24 points higher as concerns about inflationary pressures eased following subdued economic data and a sharp drop in oil prices.
Wednesday's focus will be on July's personal consumption expenditures index, which is expected to show a 0.1% month-on-month rise and a 3.6% annual increase.
The Federal Reserve's preferred inflation gauge comes as the bond market returned to focus after long-dated US yields hit multiyear highs last week.