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

Dow Jones Industrial Average futures fell 0.02% or 11 points. S&P 500 futures were little changed 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.

July’s personal consumption expenditures price index, a monthly report detailing changes in prices of goods and services, is set to release on Wednesday at 8:30 a.m. ET. It’s the Federal Reserve’s preferred metric of inflation and comes ahead of the central bank’s September meeting.

Economists polled by Dow Jones expects 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 as Wall Street has been looking closely at bond yields too. 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.

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.