US stock futures tread water after Nvidia rout; Inflation in focus
Investing.com-- U.S. stock index futures were muted in evening deals on Monday after widespread selling in technology shares, particularly Nvidia and its peers, saw a mixed session on Wall Street.
Nvidia bore a brunt of the selling, falling 6.7% and tumbling for a third straight session after it briefly became the most valuable company on Wall Street last week. The stock lost another 1.1% in aftermarket trade. The reading is due on Friday and is expected to show some mild cooling in inflation. But the PCE data is also widely expected to remain well above the Fed’s 2% annual target range.
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