S&P 500 Futures Predict Steep Week Ahead Amid Earnings Reports and Interest Rate Uncertainty

The S&P 500 index closed Friday at 7,674.37 after gaining 0.43%, but closing the week 1.4% lower than it began.

Traders will watch whether futures can sustain the rebound or reverse lower, as the coming week on Wall Street will be full of earnings reports, inflation data, and signals from the Federal Reserve.

Nvidia's earnings report on August 26 is expected to be a central catalyst for the week, with options markets pricing a potential 6% move in Nvidia shares following the report.