Stocks were set to edge higher on Wednesday, having racked up solid gains the previous session thanks to a cooler-than-expected inflation reading and news of artificial intelligence investments from Saudi Arabia.
Futures tracking the Dow Jones Industrial Average were up 21 points, or 0.1%. S&P 500 futures were flat, the day after the blue-chip gauge erased its losses for the year. Contracts tied to the tech-heavy Nasdaq 100 climbed 0.1%.
The S&P 500 and Nasdaq both rose Tuesday after AI chip maker Nvidia said it would partner with Saudi Arabia’s state-backed Humain on a 500 megawatt data-center project. Investors will be hoping that’s a sign of things to come from President Donald Trump.