Stock market today: Dow, S&P 500, Nasdaq futures hold steady ahead of inflation data, Nvidia earnings - Yahoo Finance

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. The AI bellwether also defended its public and private investments, with CEO Jensen Huang saying on the earnings call, “the only regret that I have is that I didn't invest more and sooner.”Markets assessed a new reading of inflation, meanwhile, from the Federal Reserve's preferred gauge. The core Personal Consumption Expenditures (PCE) Index, which excludes the volatile food and energy categories, rose 3.3% in July, which was in line with expectations and unchanged from the month before.That update on mild inflation comes amid angst in the bond market and ahead of the Jackson Hole annual gathering of Fed policymakers this week, where Chairman Kevin Warsh will deliver a speech on the central bank's future plans.Abercrombie & Fitch (ANF) also reported earnings on Wednesday morning, posting a guidance raise that lifted the stock 35%. After the closing bell, Salesforce (CRM) stock surged 13% following better-than-expected guidance.