US stock futures tread water; Nvidia anticipation puts Nasdaq at record high
Investing.com-- U.S. stock index futures moved little in evening deals on Monday as momentum on Wall Street stalled after buying into technology stocks, ahead of earnings from market darling Nvidia, put the Nasdaq at record highs.
The company is seen as a bellwether for the rapidly growing artificial intelligence industry, and its earnings are likely to set the tone for the broader technology sector. While mildly softer consumer inflation readings for April sparked a rally on Wall Street, a slew of Fed officials warned that the bank still needed much more confidence that inflation was coming down, before it could begin cutting interest rates.The central bank is expected to potentially begin trimming rates by September, although this will also largely depend on the path of inflation.
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