Stock Futures Dip as Investors Await Key Inflation Report
TL;DR Summary
Dow Jones, S&P 500, and Nasdaq futures were relatively stable ahead of the Fed's key inflation report. The stock market saw mixed results with significant losses in the software sector, led by Salesforce's weak performance, while small and mid-cap stocks rebounded. Nvidia fell due to new U.S. export restrictions on AI chips. Key earnings reports from Dell, Costco, NetApp, and Marvell showed varied results, with Dell stock plunging. The April PCE price index, a crucial inflation gauge, is expected to show modest gains. Markets are pricing in a potential Fed rate cut in September.
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- Us S&P 500 E-Mini Futures Down 0.36%; Nasdaq Futures Down 0.45%… Marketscreener.com
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