Stock market today: Live updates

U.S. stock futures were little changed Monday night after the major averages slid to start the week, with investors awaiting Nvidia’s earnings and the Federal Reserve’s preferred inflation gauge in the coming days.

Dow Jones Industrial Average futures rose 46 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures climbed 0.07% and 0.03%, respectively.

Wall Street is coming off a losing session Monday, with investors taking profits after Friday’s big rally. The 30-stock Dow slid 349 points, or 0.8%, while the S&P 500 fell 0.4%. The tech-heavy Nasdaq dropped 0.2%, after rising earlier in the session thanks to Nvidia.

Investors remain hopeful that the prospect of lower interest rates coming in September, as hinted at by Federal Reserve Chair Jerome Powell last week in Jackson Hole, Wyoming, will strengthen parts of the market that appear due for a breakout. Small caps are just one example.

They’re also hopeful Nvidia’s earnings report on Wednesday will bolster the megacap tech trade following its recent slide. The “Magnificent Seven” stocks rallied Friday, but only after five straight days of losses.

“I still think long term, the dominant theme of this bull market is AI. And technology expectations are high going into [Nvidia’s] report. But whether they beat or miss, I would zoom out a little bit, I think this underlying trend is still positive,” Truist Wealth co-chief investment officer Keith Lerner told CNBC’s “Closing Bell” on Monday.

“If we had a little bit of a hiccup with Nvidia, we will be using that as an opportunity to stick with tech because that is still where the earnest momentum is in this market,” Lerner continued. “And at this point, we have not seen any change at all in that theme.”

A raft of economic reports is due out Tuesday morning. Investors will parse through releases on the latest durable goods orders and consumer confidence. The Case-Shiller Home Price Index is also due out, as is the Richmond Fed Manufacturing Index.

Richmond Federal Reserve President Thomas Barkin is also set to speak.

The July personal consumption expenditures price index is also due out Friday.