Summary · why it matters
Investors face a pivotal week as Nvidia reports earnings, key inflation data arrives, and central bankers gather at the Jackson Hole Symposium. Nvidia, the last of the Magnificent Seven to report, will test the resurgent AI trade on Wednesday after mixed results from Microsoft, Amazon, Meta, and Google. The Fed's preferred inflation gauge, the PCE price index, is due Wednesday and could shape the central bank's September rate decision. Bitcoin reclaimed $70,000 for the first time since late May, buoyed by renewed crypto legislation efforts and the Treasury's surprise expansion of its bond buyback program. Retail earnings from Dick's Sporting Goods, Five Below, Urban Outfitters, Bath & Body Works, Ulta Beauty, Dollar General, and Dollar Tree will offer further insight into consumer spending.