Market Awaits Nvidia Earnings, Key Data Releases Amid Trade War Tensions

Nvidia's quarterly earnings release is set to take place after the market close today, and investors are watching closely as it may have an impact on the broader equity market.

The report will be accompanied by other key releases, including data from the Bureau of Economic Analysis on personal income, consumer spending, and PCE prices for July.

Additionally, the Census Bureau will release durable goods orders for July, which is expected to show a 0.6% month-over-month increase.