Nvidia Earnings and Inflation Data Loom Large Over Stock Futures

Stock futures are trading higher on Tuesday ahead of crucial economic data and quarterly results from tech giant Nvidia. The S&P 500 futures have gained 0.17% while Dow futures have risen by 0.06%. Nasdaq futures are leading the charge with a 0.20% increase.

Nvidia's quarterly earnings will be closely watched, particularly after the company reported a mixed Q1 results earlier this year. The tech sector has been under pressure in recent months due to concerns over inflation and interest rates. Wednesday will see the release of inflation data which could have significant implications for markets.