Stock futures are little changed as traders await key inflation report, Nvidia earnings: Live updates

Stock futures were near flat on Tuesday night ahead of the release of key U.S. inflation data along with Nvidia’s latest quarterly results.

S&P 500 futures were little changed, while Nasdaq-100 futures rose nearly 0.1%.

The major averages are coming off a winning session, boosted by falling yields and lower oil prices. The S&P 500 gained 0.3% in regular trading, while the Nasdaq Composite advanced 0.7%. The Dow climbed 160.24 points, or 0.3%, its third consecutive positive day.

Asia-Pacific markets traded mixed on Wednesday. Japan’s Nikkei 225 fell 0.25%. South Korea’s Kospi was down 0.3%, while Australia’s benchmark S&P/ASX 200 was 0.2% higher.

Hong Kong’s Hang Seng Index was up 0.96%, while the CSI 300 added 0.37%.

July’s personal consumption expenditures price index, a monthly report detailing changes in prices of goods and services and the Federal Reserve’s preferred metric of inflation, is set to be released on Wednesday at 8:30 a.m. ET.

Economists polled by Dow Jones expect a month-over-month increase of 0.1% and a year-over-year increase of 3.6%. In June, the report noted a decrease of 0.1% on a monthly basis and a 3.7% increase in an annual basis.

The report comes with the bond market in focus. U.S. Treasury yields hit multiyear highs last week, with the 30-year bond rate reaching levels not seen in nearly 20 years. However, yields fell broadly on Tuesday, with the 10-year yield losing almost 8 basis points on the day.

Nvidia is set to report its earnings for the second quarter on Wednesday after the bell. Wall Street projects earnings per share of $2.09 on $92.28 billion in revenue, according to FactSet.

The report could be a bellwether for the broader market, given the chipmaker is the largest S&P 500 member, with a market cap of more than $5 trillion.

Investors are also eyeing Federal Reserve Chairman Kevin Warsh’s speech on Friday at the Fed’s annual symposium in Jackson Hole, Wyoming. Though, some have noted Warsh could remain tight-lipped ahead of the Fed’s monetary policy decision ahead of September.

“Given his approach to the June and July press conferences, we think it is unlikely that he would move straight to a deep dive into the current economic outlook and its implications for policy over the balance of 2026. Instead, we expect him to spend the bulk of his remarks on big-picture themes with an emphasis on the supply side and on how these topics will be addressed by the Task Forces,” Piper Sandler’s head of central bank policy Kurt Lewis wrote to clients.