Will S&P 500 Open Up Or Down On February 27? January PPI In Focus After Nvidia Stumbles - NVIDIA (NASDAQ:NVDA)

Market Performance - The S&P 500 closed down 0.54% at 6,908.86, ending a two-day winning streak, primarily influenced by a decline in NVIDIA shares which fell over 5% despite a positive earnings report [1] - The index is now near the lower half of the 6,800–7,000 range, indicating a stagnant market performance over recent weeks [2] Volatility and Investor Sentiment - The VIX Volatility Index increased to 18.62, suggesting that traders are seeking more protection against market fluctuations [2] Economic Indicators - A delayed producer price index (PPI) report is expected to be released, with analysts forecasting a 0.3% monthly growth, which is a key measure of wholesale inflation [3] - The S&P 500 is projected to experience a 0.4% loss for February, reflecting a challenging month for tech stocks amid concerns over AI disruption [3] Futures and Market Predictions - S&P 500 futures were reported at 6,904.75, down by 15.25 points or 0.22%, indicating continued bearish sentiment in the market [4] - The market's recent performance aligns with predictions made by Polymarket participants, who anticipated a downward trend [4]