Nvidia's Earnings Report Takes Center Stage on Wall Street

Wall Street was relatively calm on Wednesday as investors awaited Nvidia's Q2 2027 earnings report, which will be released after the closing bell. The S&P 500 was essentially unchanged at midday, while the Nasdaq Composite and Dow Jones Industrial Average slipped by 0.12% and 0.21%, respectively.

The morning's inflation reading came in slightly above expectations, but markets seemed to shrug off the news. The PCE price index rose 0.2% in July and 3.7% over the past year, both a hair above what economists wanted.

Nvidia is expected to report revenue of $91.9 billion, up roughly 97% from last year, and earnings per share of $2.08, more than double the previous figure.