U.S. Stock Futures Flat Ahead of Nvidia Earnings Amid Tech Volatility
U.S. stock futures showed minimal movement Sunday evening following a turbulent week marked by valuation concerns and shifting expectations for Federal Reserve rate cuts. S&P 500 and Nasdaq 100 futures edged up 0.16% and 0.06%, respectively, while Dow Jones Industrial Average futures dipped 0.12%.
Tech stocks faced pressure last week, with the Nasdaq Composite falling 0.5% as Alphabet, Amazon, Broadcom, and Meta Platforms declined. The S&P 500 and Dow Jones managed marginal weekly gains despite Thursday's sharp selloff.
Market focus now shifts to Nvidia's Wednesday earnings report, which could reignite the AI trade or exacerbate the tech sector's retreat. The chipmaker's performance may set the tone for remaining Q3 reports from companies including XPeng, Baidu, and major retailers.
