Wall Street Remains Steady as Investors Anticipate Nvidia’s Performance

Key Points

• The S&P 500 was flat, the Nasdaq Composite slipped 0.12%, and the Dow fell 0.21% in midday trading.

• Nvidia is set to report Q2 2027 results after the market closes on Wednesday, with revenue projected at $91.9 billion, nearly double year-over-year.

• Inflation data showed a 0.2% increase in the PCE price index for July, slightly above expectations, while the annual increase was 3.7%.

On Wednesday, major US stock indices remained stable, with the S&P 500 up 0.02% as of 11:59 a.m. ET. Investors are anticipating Nvidia’s financial results, which are expected to reveal a significant revenue increase and earnings doubling from $1.04 to $2.08 per share. The upcoming speeches from Fed Chair Kevin Warsh at the Jackson Hole conference on Friday will also be pivotal for market directions.

Notable market movements included Meta Platforms, which rose approximately 1% following a $16.7 billion settlement for a social media addiction case. Meanwhile, inflation figures were slightly above economists’ forecasts, with the core reading remaining steady at 3.3%, keeping inflation well above the Fed’s 2% target.