Wall Street mostly steady ahead of Nvidia results

Stock market transactions show near-complete stability after the release of US inflation data, which came higher than expected, as investors await Nvidia's earnings amid potential risks to the AI boom. The S&P 500 index registered a slight decline of 0.01%, while the Nasdaq dipped by 0.06%, and the Dow Jones fell by 0.21%. The data revealed that the annual inflation rate rose to 3.7% in July, with the economy growing by 1.5% in the second quarter, increasing the likelihood of an interest rate hike at the Federal Reserve's September meeting, which is typically a weaker month for stocks. The market is also anticipating Nvidia's results, a key player in the AI sector, as its performance could impact the sustainability of the stock rally linked to this field.

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