Futures Flat Ahead Of Key PCE Report, Nvidia Earnings

Stock futures are are flat and Treasuries slipped while oil stumbled heading into today’s PCE report and NVDA earnings. As of 8:00am ET, S&P Futures are unchanged and Nasdaq futures drop 0.2% as NVDA and MRVL both rise 0.2% with Semis flat, Memory down 80bp, Korea down 46bp, Software down 1.3%, but Unprofitable Tech +83bp which point to continued de-risking into NVDA / MRVL where expectations are positive, but a stronger print may mean more for the ecosystem than for the individual stocks.…

Source