Futures quiet before Nvidia earnings and economic data, mixed reactions from chip stocks.

From Investing.com: 2024-08-27 08:10:36

U.S. stock index futures were quiet on Tuesday as investors awaited Nvidia’s earnings and key economic data later in the week. Nvidia’s shares were up premarket, but concerns linger about meeting high expectations. The Dow hit a record high, while the S&P 500 is close behind. Traders are split on rate cut expectations for September.

Chip stocks like Broadcom fell, while Advanced Micro Devices rose slightly. Futures were slightly down in early trading. Market watchers are eyeing U.S. consumer confidence data and upcoming Personal Consumption Expenditure data. UBS raised recession odds. Paramount Global slid, while JD.com rose on a new buyback program. Hershey fell after a downgrade.



Read more at Investing.com: Futures little changed on caution ahead of Nvidia results, economic data By Reuters