US stock futures traded subdued as investors avoided major risk-taking ahead of two high-impact market catalysts, Nvidia’s upcoming earnings release and the closely watched US jobs report. Market participants expect significant volatility, given Nvidia’s outsized influence on AI-driven market sentiment and the labour data’s implications for Federal Reserve policy direction. Analysts noted that the uncertainty surrounding inflation persistence and employment resilience has kept institutional flows muted. With futures fluctuating in a narrow band, traders remain focused on incoming data that could reset expectations for December policy decisions.