Nasdaq-100 Futures Edge Up 0.1% as Markets Await 3.6% PCE and Nvidia Results

3 articles · Updated · CNBC · Aug 25

Nasdaq-100 futures rose nearly 0.1% late Tuesday while S&P 500 futures were little changed, leaving U.S. stocks in a holding pattern before Wednesday’s inflation data and Nvidia earnings.
July PCE inflation is due at 8:30 a.m. ET, with economists expecting prices to rise 0.1% from June and 3.6% from a year earlier after June’s 0.1% monthly drop.
Nvidia reports after the bell, with Wall Street forecasting $2.09 a share on $92.28 billion in revenue; the chipmaker’s more than $5 trillion market value makes the release a broader market test.
Tuesday’s calm followed a stronger cash session—Dow up 160.24 points, S&P 500 up 0.3%, Nasdaq up 0.7%—helped by lower oil prices and a nearly 8-basis-point drop in the 10-year Treasury yield.
Bond markets remain central after last week’s multiyear yield highs, while investors also look ahead to Fed Chair Kevin Warsh’s Jackson Hole speech for clues before the September policy decision.