U.S. stock futures were flat on Wednesday night after all three major averages finished higher during the daily trading session.
Dow Jones Industrial Average futures were down 7 points, or 0.02%. S&P 500 and Nasdaq 100 futures rose 0.11% and 0.09%, respectively. Shares of Nvidia fell more than 2% on the heels of the quarterly report He missed Wall Street’s expectations. The seller collapsed More than 4% after company gave a disappointing forecast For FY 2023. Snowflake jumped After 16% Posting a bump in earnings.
The Dow Jones Industrial Average added 59.64 points, or 0.18%, while the S&P 500 gained 0.29% on Wednesday. For both averages, the The gains snapped a three-day long losing streak. The tech-heavy Nasdaq composite also rose 0.41%.
The market action comes as investors await the start of the Jackson Hole Economic Symposium, which begins on Thursday, with Federal Reserve Chairman Jerome Powell scheduled to speak the following morning. Traders will be asking for more information on how the central bank will counter higher inflation and whether policymakers could cut rates once the current hiking cycle ends.
Jim Bianco, president of Bianco Research, told CNBC that “it’s too early for the Fed to consider a centralization as it goes.”Quick money.”
Investors await key economic reports scheduled for later in the week, including jobless claims on Thursday and personal consumption spending on Friday. The PCE report is one of the central bank’s preferred inflation measures and could influence its actions going forward.
Peloton, along with Cap, Dollar Tree and Dollar General, reports quarterly earnings Thursday before hours. Ulta Beauty, Workday and Affirm Holdings will release their own results after markets close on Thursday.