Stock market today: Dow, S&P 500, Nasdaq futures hold steady ahead of inflation data, Nvidia earnings - Yahoo Finance
US stock markets showed mixed results as investors analyzed inflation data and awaited Nvidia's earnings report. Major tech companies like Meta and Salesforce saw significant movement, while the broader market remained cautious ahead of the Fed's Jackson Hole gathering.
Why it matters
Market performance and inflation data are key indicators for Federal Reserve policy decisions and investor confidence in the AI sector.
US stocks traded mixed on Wednesday after PCE data showed inflation remained sticky in the lead-up to the Fed's Jackson Hole gathering and as investors counted down to Nvidia's (NVDA) earnings report.The Dow Jones Industrial Average (^DJI) declined by 0.2%, while the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) slipped below the flat line after posting broad gains on Tuesday.Meta stock (META) rose after the company agreed to settle a social media addiction trial for roughly $16.7 billion. The case revolved around allegations from 29 states that Meta developed products to hook young users, misled consumers about their safety, and improperly collected personal data. After the closing bell, Nvidia reported its quarterly results and offered a strong third quarter outlook, buoying the artificial intelligence trade.
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