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US futures fell in pre-market trading on Wednesday.
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Traders are awaiting AI darling Nvidia's quarterly earnings report, which will be released after the closing bell.
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The minutes from the Federal Reserve's January meeting will also give investors an idea of โโwhere rates are headed.
It looked like U.S. stocks would trade lower on Wednesday as investors awaited Nvidia's quarterly earnings report, which will be released after the closing bell.
Futures for technology people Nasdaq 100 The benchmark index was down 0.42% shortly before 5 a.m. ET. S&P 500 Futures fell 0.24%, while the Dow Jones Industrial Average was on track to fall 0.2%.
Performances in 10-year Treasury notes and the US Dollar Indexwhich measures the strength of the dollar against six other currencies, traded flat.
Tuesday was a losing day for US stocks. He S&P 500 slid back under the Record close of 5,000 points. which had hit last week, while the Nasdaq 100 fell almost 1%.
Trillion-dollar chipmaker Nvidia will release its quarterly results on Wednesday. AI has driven Big Tech stocks 235% higher in the past 12 months, but analysts have warned the entire market could plummet if your report does not meet the very high expectations of investors.
"Options implied suggest the post-earnings move is estimated at 10.5% in either direction, so watch for potential fireworks across markets," Deutsche Bank's Jim Reid said in a morning note.
The Federal Reserve will also release minutes from its January meeting on Wednesday, which could give traders more information about the central bank's stance on inflation and interest rates.
Read the original article at Business Insider
