29.08.202512:57:09UTC+00US Futures Retreat

U.S. stock futures declined on Friday as investors examined the most recent economic data for insights into the Federal Reserve's potential interest rate policy. The S&P 500 and Dow Jones were positioned to open about 0.2% lower, while significant pressure on the technology sector contributed to a 0.4% drop in the Nasdaq. Recent figures revealed that both personal income and spending increased as anticipated, indicating a strong economy at the quarter's transitional period when President Trump eased tariff threats. Concurrently, the core Personal Consumption Expenditures (PCE) Index, favored by the Federal Reserve as a key measure of inflation, rose to 2.9% on an annual basis. Shares of Nvidia declined by 1%, continuing a downturn post-earnings as concerns mount that investments in artificial intelligence companies might be overstated. Similarly, Dell, Super Micro Computer, and Marvell were poised to open with losses ranging from 2% to 16% due to bleak forecasts following their financial results. Despite these setbacks, the primary market indices were on track to post gains between 1.5% and 3% for the month of August.