Morning Juice – US Session Prep

Good Morning, Traders!
It is Thursday the 29th of August. Here is what to look out for today.

Sentiment
Tech stocks recovered from Nvidia’s earnings-fueled selloff.
Traders cited the company’s results—which showed that sales increased during the quarter—as evidence of artificial intelligence’s ability to generate profits.

Nasdaq 100 Index futures saw a 0.3% increase following a 1.4% decline.
S&P 500 contracts increased, and the German DAX Index set a new high.
Pre-market trade saw Nvidia, which had fallen precipitously in trading following the closing of US exchanges, down just 2%. Microsoft, Apple, and Intel all saw slight increases.

Docket
08:30 ET
US Weekly Jobless Claims
Initial Claims – Median Forecast: 232K | Prior: 232K | Range: 240K / 220K
Continued Claims – Median Forecast: 1.87M | Prior: 1.863M | Range: 1.875M / 1.855M

US GDP Q2 2nd Estimate
GDP QoQ – Median Forecast: 2.8% | Prior: 2.8% | Range: 3% / 2.4%
Core PCE Prices – Median Forecast: 2.9% | Prior: 2.9% | Range: 2.9% / 2.7%
Price Index – Median Forecast: 2.3% | Prior: 2.3% | Range: 2.4% / 2.3%

10:00 ET
US Pending Home Sales Change for July
Median Forecast: 0.2% | Prior: 4.8% | Range: 5% / -4%

11:30 ET
US sells $95 bln in 4-Week Bill at Auction

13:00 ET
US sells $44 bln in 7-Year Notes at Auction

Speakers
12:00 ET
SNB’s Jordan speaks in Basel.

13:00 ET
ECB’s Nagel gives a dinner speech at the CEBRA Conference.

15:30 ET
Fed’s Bostic gives an introduction to the Fed and speaks on the economic outlook in a presentation to a class at Georgia Tech’s Scheller College of Business.
No text is expected, there will be a Q&A.
No live stream is available
Event details here

Good luck!