Stock futures were trading mixed on Tuesday as investors focused on the latest inflation data while semiconductor company Nvidia saw a decline in its shares.
Investors are closely watching inflation data as concerns about rising prices continue to weigh on the market. The latest report could provide insight into the Federal Reserve’s next steps in terms of monetary policy.
Nvidia, a major player in the semiconductor industry, saw its shares fall. There is speculation that the company is facing challenges related to chip shortages and increased competition.
Overall, the stock market is showing some volatility as the overall economic outlook remains uncertain due to various global factors affecting different industries.
As investors navigate these uncertain times, it is important to stay informed and make decisions based on a thorough understanding of the market dynamics.
Article Source
https://www.reuters.com/markets/us/futures-mixed-inflation-data-presidential-debate-focus-2024-06-24/