US Stock Futures Dip Ahead of Nvidia Earnings

US stock futures traded lower on Monday as investors prepare for a week of critical economic data and corporate earnings. Market focus is primarily on Nvidia Corp., which reports quarterly results on Wednesday evening. The AI chipmaker has already notified customers of price increases for systems shipping early next year, specifically those utilizing Grace Blackwell and Vera Rubin chips.

Economic attention also shifts to the Jackson Hole Economic Symposium on Friday, where Federal Reserve Chairman Kevin Warsh is expected to discuss the central bank's strategy for managing stubborn inflation. Other key indicators scheduled for release this week include initial jobless claims, August consumer confidence numbers, and the personal consumption expenditures price index.

Individual stock movements were mixed. PDD Holdings Inc. saw shares rise following strong second-quarter profits. Conversely, Regenxbio Inc. shares fell after the US Food and Drug Administration placed a clinical hold on the company's Hunter Syndrome drug.