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US stocks steady ahead of Nvidia results
The U.S. stock indices stabilized, with the S&P 500 holding its previous levels, amid anticipation of the earnings report from NVIDIA, one of the largest chip manufacturing companies with a market value exceeding $5 trillion. The market is also awaiting the monthly inflation report, which showed a higher-than-expected increase in personal consumption expenditures in July, while the core personal consumption expenditures index remained stable. Additionally, investors are looking forward to NVIDIA's earnings announcement after the market closes and its potential impact on market direction, along with expectations regarding the Federal Reserve's stance as Chairman Powell's speech at the Jackson Hole symposium approaches.
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