Nvidia Earnings Report and PCE Inflation Data Set to Shake Markets

The S&P 500 futures slipped on Wednesday ahead of the release of the PCE inflation data and Nvidia's earnings report.

On Tuesday, the S&P 500 gained 0.3% to 7,677.24, while the Dow added 0.3% to 53,577.40. The Nasdaq climbed 0.7% to 26,151.30 as technology shares recovered from Monday's selloff.

Nvidia advanced 2.2%, Meta rose nearly 2%, and Micron gained 2.5%, lifting the semiconductor index by 1.4%. AMD jumped 4.9% following a Raymond James upgrade.

However, Wednesday's futures showed less enthusiasm: Nasdaq contracts fell around 0.5%, S&P 500 futures edged lower, and Dow futures stayed near flat.