(Bloomberg) — US equity futures pointed to a steady open for Wall Street as investors awaited pivotal earnings from Nvidia Corp. to see if the artificial intelligence powerhouse can keep this year’s equity rally going.
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Futures on the Nasdaq 100 traded flat, while those on the S&P 500 edged lower. Nvidia shares slipped 0.4% in premarket trading, having hit fresh record highs this week. Its results, seen as the grand finale of a robust US earnings season, are projected to show a 243% increase in revenue, but a 90% year-to-date share rally could set a high bar for further gains.
Markets are also growing jittery about the prospect of stubbornly high inflation which could prevent central banks from easing policy as early as anticipated. Latest UK data showed inflation slowing less than expected last month, while Federal Reserve policymakers have repeatedly hinted at the need for a wait-and-see stance on cutting…
