Stock Futures Hold Steady as Nvidia Earnings Loom
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BTCCSquare news:
US stock futures remained subdued on Monday following last week's robust rally, with market participants fixated on Nvidia's impending earnings report. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all notched significant gains on Friday, buoyed by Federal Reserve Chair Jerome Powell's暗示 of potential September rate cuts.
Nvidia's Wednesday earnings release serves as a critical market catalyst, with analysts projecting $1.01 per share earnings on $46.13 billion revenue. The chipmaker's stock has surged 32% year-to-date, nearly doubling since April's market trough, reflecting insatiable demand for AI hardware. This report will test both Nvidia's valuation and the broader market's appetite for tech stocks.
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