U.S. Futures Fall Before Nvidia Earnings
TL;DR
US stocks opened lower as investors await Nvidia's earnings report on August 27, with expectations of a 48% rise in earnings per share. The market is also watching upcoming economic data, including the Federal Reserve's preferred inflation gauge. Despite inflation concerns, recent comments from Fed Chair Jerome Powell suggest a potential rate cut, supporting stock gains. Major companies like Keurig Dr Pepper, Comcast, and Disney are in focus, alongside developments in the cryptocurrency market.
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