5 Things to Know Before The Stock Market Opens on Wednesday

1. The stock market will start the day with little movement as investors keep a close eye on the upcoming inflation report and Nvidia's quarterly results.

2. The PCE price index will be a key focus for the Federal Reserve as they prepare to discuss interest rates next month.

3. Nvidia, the AI chipmaker, is expected to report impressive earnings that could set the tone for the AI trade. Analysts anticipate earnings per share of $2.10 and revenue of $92 billion, roughly doubling from the previous year.

4. Salesforce, a software company, and cybersecurity firm CrowdStrike are also set to release earnings this afternoon, with investors watching for signs of resilience amidst growing AI adoption.

5. Bitcoin is currently trading at $78,500, down from a high of $81,000, while gold futures are slightly lower at $4,675 an ounce. WTI crude oil futures have dropped more than 2% to $80.50 per barrel, down for the fourth consecutive session.