Traders Cautious Ahead of Fed Minutes, Nvidia Earnings, Stifling US Equity Futures Pre-Bell

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Traders Cautious Ahead of Fed Minutes, Nvidia Earnings, Stifling US Equity Futures Pre-Bell

MT Newswires Live05-22

US equity futures were flat pre-bell Wednesday as traders stayed on the sidelines ahead of the release of Federal Reserve meeting minutes and quarterly earnings from chipmaker Nvidia (NVDA).Dow Jones ...

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Data from industry group American Petroleum Institute reportedly showed a 2.5 million-barrel weekly increase in US crude stockpiles.Existing home sales, due at 10 am ET, are seen rising to a 4.21 million annualized rate in April from 4.19 million in the preceding month.The Fed is scheduled to release minutes of the most recent Federal Open Market Committee meeting at 2pm ET.Nvidia is slated to release quarterly earnings after the closing bell.In other world markets, Japan's Nikkei closed 0.9% lower, Hong Kong's Hang Seng ended 0.1% lower, and China's Shanghai Composite finished 0.02% higher. Meanwhile, UK's FTSE 100 fell 0.7% and Germany's DAX index fell 0.4% in Europe's early afternoon session.In equities, TJX Companies (TJX) gained 1.6% pre-bell after the company reported higher fiscal Q1 earnings and revenue, and lifted its fiscal 2025 profit outlook. 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