Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
US stocks closed slightly lower on hot inflation data, ahead of Nvidia's earnings report. The annual US inflation rate increased 3.7% in the 12 months through July. Investors are cautious as they await Nvidia's earnings and more inflation data. Futures were little changed before the market opened.
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- ✓ Annual US inflation increased 3.7% in the 12 months through July
- ✓ Wall Street stocks ended slightly lower after hot inflation data
- ✓ Investors are cautious ahead of Nvidia's earnings report
What changed
Wall Street stocks ended slightly lower after the release of hot inflation data, which increased investor caution ahead of Nvidia's earnings report.
Live updates
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Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
US stocks closed slightly lower on hot inflation data, ahead of Nvidia's earnings report. The annual US inflation rate increased 3.7% in the 12 months through July. Investors are cautious as they await Nvidia's earnings and more inflation data. Futures were little changed before the market opened.
Why it matters
The inflation data and Nvidia's earnings report are crucial for investors to gauge the US economic situation and the performance of tech companies. The US inflation rate has been a concern for investors, influencing their decisions on stocks and other assets. Nvidia's earnings report is significant as it is a major tech company and a leader in AI technology.
What is confirmed
- Annual US inflation increased 3.7% in the 12 months through July
- Wall Street stocks ended slightly lower after hot inflation data
- Investors are cautious ahead of Nvidia's earnings report
What to watch next
- Nvidia's earnings report
- Future US inflation data
- Investor reactions to the inflation data and Nvidia's earnings
confidence 100%Sources used for this update (12)
- CNBC — Stock futures are little changed as traders await key inflation report, Nvidia earnings: Live updates
- Bloomberg.com — Asian Stocks Set to Gain as Oil Extends Declines: Markets Wrap
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures hold steady ahead of inflation data, Nvidia earnings
- WSJ — Oil Extends Falls, Nasdaq Futures Lower Before Nvidia Earnings
- Reuters — Wall St futures subdued as Nvidia results, inflation take center stage
- Investopedia — Stock Market Today: Futures Little Changed Ahead of PCE Inflation Data, Nvidia Earnings; Oil Drops Further
- Yahoo Finance — S&P 500 Edges Lower Despite Favorable NVIDIA Results and Stable Core PCE
- CNBC — Nvidia's earnings track record, Canada retaliates, Waymo's international push and more in Morning Squawk
- Investing.com — Wall Street sees muted session amid mixed PCE data, caution ahead of Nvidia test
- www.businesstimes.com.sg — US stocks: Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
- www.businesstimes.com.sg — Asian stocks rise as Nvidia earnings forecast beats estimates, South Korea’s Kospi gains
- www.zonebourse.com — Cours The JM Smucker Company Börse Stuttgart
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