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U.S. stocks steady before Nvidia results
The Standard & Poor's 500 index remained unchanged, amid anticipation of Nvidia's earnings results, the largest component in the index. The market is expecting earnings per share of $2.09 and revenues of $92.28 billion for the second quarter. U.S. inflation data showed that personal consumption expenditure prices continued to rise in July, with the overall PCE price index increase exceeding expectations, while the core index met forecasts. Markets remain focused on the bond market, where U.S. Treasury yields have risen, as investors await the Federal Reserve Chairman's speech at the Jackson Hole symposium to gain insights into future monetary policy directions.
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