Ahead of PCE
WTI 80.617 -1.743 -2.12%
Brent 86.493 -2.087 -2.36%
Natural gas 2.8327 +0.0627 _2.26%
Gasoline 3.2515 -0.0014 -0.04%
Gold 4626.06 -32.05 -0.69%
Silver 68.709 +0.113 +0.16%
Copper 6.7030 -0.0065 -0.10%
S&P 500 futures -0.09%
Nasdaq futures -0.50%
Nvidia (NVDA) is set to report earnings on Wednesday. Wall Street expects the chipmaker to post earnings per share of $2.09, while revenue is expected to rise 97% to $92.18 billion during the quarter.
Investors awaiting the Personal Income and Outlays report, with income expected to increase 0.2% and spending forecast to rise 0.1%. Core PCE prices are expected to increase by 0.2%. The economic calendar includes durable goods orders, GDP, and corporate profits.
2-year Treasury yield rose 1.8 basis points to 4.21%
10-year Treasury yield rose 1.5 basis points to 4.65%
30-year Treasury yield rose 1.5 basis points to 5.18%
Among S&P 500 stocks, Republic Services (RSG) +1.77%, Otis Worldwide (OTIS) +1.64%, and Yum! Brands (YUM) +1.59%, Huntington Ingalls Industries (HII) +1.56%, and Rollins (ROL) +1.49%.
Among S&P 500 decliners, are Intuit (INTU) -10.23%, J.M. Smucker (SJM) -1.71%, Charter Communications (CHTR) -1.50%, M&T Bank (MTB) -1.50%, and ServiceNow (NOW) -1.36%.