U.S. stock futures were near the flatline Monday night after a weak trading session. The market is focused on two key events later this week: Nvidia’s (NVDA) earnings report on Wednesday, and the July personal consumption expenditures (PCE) price index on Friday.
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Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.16%, 0.02%, and 0.1%, respectively, at 8:37 p.m. EDT on August 25..
Stocks closed lower Monday, giving back some of Friday’s gains after the Dow hit a record high. The Dow, the S&P 500, and the Nasdaq fell 0.8%, 0.4%, and 0.2%, respectively, as rate-cut hopes cooled.
Looking ahead, several key economic reports are scheduled for release on Tuesday morning, including data on durable goods orders, consumer confidence, and the Case-Shiller Home Price Index. The Richmond Fed Manufacturing Index will also be released, and Richmond Federal Reserve President Thomas Barkin is set to speak.
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