Source: NYSE US stock futures were flat on Wednesday night as all three major averages finished higher in the intraday session. Dow Jones Industrial Average futures were down 7 points, or 0.02%. S&P 500 and Nasdaq 100 futures rose 0.11% and 0.09%, respectively. Shares of Nvidia fell more than 2% after a quarterly report that missed Wall Street expectations. Salesforce fell more than 4% after the company provided a disappointing forecast for fiscal 2023. Snowflake jumped 16% after reporting a drop in revenue. The Dow Jones Industrial Average gained 59.64 points, or 0.18%, and the S&P 500 rose 0.29% on Wednesday. For both averages, gains snapped three-day losing streaks. The tech-heavy Nasdaq Composite also rose 0.41%. The market action comes as investors await the start of the Jackson Hole Economic Symposium, which begins on Thursday with Federal Reserve Chairman Jerome Powell scheduled to speak the following morning. Traders will be listening for more information on how the central bank will combat high inflation and whether policymakers can cut interest rates when the current hiking cycle ends. “It’s steady as it goes, it’s too early for the Fed to think about a pivot,” Jim Bianco, president of Bianco Research, told CNBC’s “Fast Money.” Investors are also awaiting key economic reports scheduled for release later in the week, including jobless claims on Thursday and personal consumer spending on Friday. The PCE report is one of the Fed’s favorite measures of inflation and could influence its actions going forward. Peloton reports quarterly earnings Thursday before the bell, along with Gap, Dollar Tree and Dollar General. Ulta Beauty, Workday and Affirm Holdings will report their own results after the markets close on Thursday.
