Nvidia Earnings in Focus as US Stock Market Prepares for Economic Data

U.S. stock futures were mixed on Wednesday as investors prepared for Nvidia's high-stakes second-quarter earnings report and a slew of macroeconomic data releases.

The Dow Jones index rose slightly, while the S&P 500 and Nasdaq 100 indices slipped after Tuesday's higher close.

Nvidia Corp.'s (NASDAQ:NVDA) quarterly earnings are expected to show $2.09 per share on revenue of $92.01 billion.

Meanwhile, LPL Financial is expecting strong corporate earnings growth to continue supporting the U.S. stock market, despite potential headwinds from interest rate volatility and geopolitical risks.