Positive expectations concerning Nvidia Corp. (NASDAQ:NVDA) earnings and the recent pullback will likely cushion the market on Wednesday despite the economic overhangs. After Tuesday’s lackluster performance, stock futures are pointing to a higher start.
Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday is the most-watched catalyst of the week, potentially keeping traders on tenterhooks. Traders may also draw cues from a set of preliminary private sector activity readings and new home sales data, due after the market close, the direction of oil prices, and the bond yields.
