Wall Street drifted modestly lower before the bell Wednesday as markets digest corporate earnings while waiting for an important inflation update from the government on Friday. Futures for the S&P 500 were essentially flat, while futures for the Dow dipped 0.2%. Chipmaker Nvidia rose 2%, taking back more of the losses incurred during a recent three-day stretch during which 13% of its value vanished. Shares of Rivian soared 37% on news that Volkswagen will invest up to $5 billion in a new joint venture with the electric vehicle maker. The dollar breached the 160 yen mark, raising speculation of another intervention by Japan.
