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US stock futures dip on inflation data
The U.S. stock market experienced a limited decline after July's inflation metrics slightly exceeded expectations. The S&P 500 index dropped by 0.1%, and the Nasdaq decreased by 0.3%. Data from the Personal Consumption Expenditures (PCE) index showed a monthly increase of 0.2% and an annual rise of 3.7%. The figures raised concerns about ongoing inflationary pressures, especially with expectations that Nvidia will announce record-breaking earnings of $92.18 billion, prompting questions about the sustainability of spending on artificial intelligence projects.
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