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US stock futures (ES=F, NQ=F, YM=F) move into the green Monday morning ahead of the release of January's Personal Consumption Expenditures (PCE) index — the Federal Reserve's preferred inflation gauge — this Friday, February 28.
Rounding out the Magnificent Seven's earnings, semiconductor giant Nvidia (NVDA) will be reporting its fourth quarter results after the market close on Wednesday, February 26.
Apple (AAPL) plans to invest $500 billion into US manufacturing over the next four years while aiming to hire 20,000 workers tied to product development and AI. Additionally, Microsoft (MSFT) has reportedly canceled leases for its AI data centers.
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This post was written by Luke Carberry Mogan.