Nasdaq and S&P 500 futures are trading higher as investors await crucial economic data.

While recent market volatility persists, upcoming inflation and retail sales figures are expected to provide clearer market direction than previous data points.

July saw strong market performance, particularly in the tech sector, fuelling optimism for the remainder of the year. Positive earnings from tech giants like Apple, Amazon, Meta, and Microsoft have contributed to this sentiment.

However, historical trends suggest potential challenges in the coming months.

With the presidential election approaching and the possibility of Federal Reserve rate cuts on the horizon, market conditions remain dynamic.

Investors are advised to maintain a diversified portfolio and carefully consider all available information when making investment decisions.

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