Nvidia Earnings and Inflation Data Weigh on US Stock Futures

US stock futures slipped marginally as investors await Nvidia's earnings and key inflation data. The S&P 500 and Nasdaq-100 fell slightly, while Dow Jones futures increased by a small amount.

Nvidia is expected to deliver stellar results for its fiscal second quarter, with analysts projecting revenue and net income nearly doubling from last year. This would mark the fastest pace of growth in two years.

However, investors have become cautious about the durability of the AI trade due to persistent inflation, elevated interest rates, and geopolitical risks.

Crude oil prices remained lower as the latest US economic sanctions on Iran were less severe than markets had anticipated. The easing in bond yields did little to revive sentiment towards the US dollar.