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US Stock Futures Rise on Tech Rebound Before Nvidia, Inflation Tests
Investors await Nvidia’s results and a key inflation reading as Treasury yields ease after reports of possible bond-buying support.
- Futures tied to the Dow Jones Industrial Average added 0.07% on Tuesday as investors awaited Nvidia earnings and a key inflation report due later this week.
- Caution persists after Monday's session saw major indexes lose ground, as markets are currently balancing AI-driven growth against lofty valuations amid a semiconductor selloff.
- In premarket trading Tuesday, Nvidia gained 1.3% and Meta rose 1%, while Micron added 2.3% as traders braced for quarterly earnings reports from multiple tech firms.
- Investors will monitor consumer confidence data at 10 a.m. Tuesday for signs of consumer resilience, while Federal Reserve Chairman Kevin Warsh speaks at the Fed's Jackson Hole symposium on Friday.
- Doug Beath, global equity strategist at Wells Fargo Investment Institute, said "record corporate earnings driven by AI capital spending" remain positive, though he warned this week's events may accelerate volatility.
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US stocks today: US stocks open higher as tech stocks rebound before Nvidia results, data
US stocks opened higher Tuesday as technology shares recovered from the previous session’s selloff. The Dow Jones, S&P 500 and Nasdaq Composite gained at the open ahead of Nvidia’s earnings and a key inflation report. Investors are watching the data for clues on the Federal Reserve’s interest rate outlook.
·India
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US stock futures rise on tech rebound before Nvidia, inflation tests
·London, United Kingdom
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right5Center4Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 40%
R 50%
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