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Stock market today: US futures slip as wait for Nvidia earnings nears its end

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Nvidia News

Federal Reserve,Earnings

Stocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.

US stocks slipped away from record highs on Wednesday as investors waited for AI bellwether Nvidia's pivotal earnings and for more clues to the Federal Reserve's thinking on interest-rate cuts. S&P 500 futures edged down roughly 0.1%, coming off a fresh record close. Dow Jones Industrial Average futures also shed 0.1%, while contracts on the tech-heavy Nasdaq 100 hugged the flatline.

It all adds up to a big test for the broader market as a whole. Investors get a second reality check ahead, in minutes from the Fed's last meeting. Eyes are on any deviation from policymakers' repeated message that they want to be more confident of a cooldown in inflation before starting to cut rates. But some nerves were rattled ahead of the release later Wednesday by UK inflation data suggesting price pressures elsewhere are proving hard to dampen.

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