S&P 500 Futures Mixed Ahead of Nvidia Earnings and Hormuz Developments

U.S. stock futures are mixed ahead of key earnings reports and economic data releases. The Polymarket crowd is evenly split on whether the S&P 500 will open up or down today, with a 50% chance of a higher open.

Nvidia Corp.'s marquee earnings report is highly anticipated, along with PCE inflation data and developments surrounding the Strait of Hormuz. Iran and Oman have restarted talks to establish a joint temporary navigational corridor through the strait, while President Donald Trump claims all mines in international waters have been cleared.

The U.S. has begun returning personnel to several Middle East diplomatic posts, suggesting Washington sees a reduced risk of immediate conflict escalation. The return of diplomatic personnel comes as key economic data releases include July's PCE price index, core PCE, durable goods orders, and second-quarter GDP estimates.