The Market Brief
U.S. futures near flat as traders shifted their focus to upcoming economic data that will shape the outlook for interest rates.
Impact Snapshot
🟥 Unemployment Claims - 8:30am
🟥 Q2 GDP - 8:30am
Macro Viewpoint
Investors turned to Nvidia’s earnings for insight into the artificial intelligence boom that has driven equity gains in 2025.
Although its revenue forecast pointed to a slowdown after two years of surging investment, management pushed back against the idea that demand for AI infrastructure is waning.
According to the S&P options market, the key catalysts to watch over the next month are, payrolls, CPI, and most of all the September FOMC meeting.
Initial jobless claims data, along with revised second-quarter gross domestic product figures, are due later.
The GDP report is forecast to show personal consumption picked up to a moderate pace after a sluggish start to 2025.
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