Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The Fed's inflation gauge will be released before the open. Costco WholesaleCOST, ZscalerZS, Ulta BeautyULTA and Dell TechnologiesDELL reported after the close.

Stock futures moved higher Thursday after a federal court struck down most of the Trump administration's tariffs, while the technology sector rallied following a strong earnings report from AI chipmaker Nvidia.

U.S. stocks held steady on Wednesday, with the S&P 500 up 0.2%. Positive earnings from Abercrombie & Fitch and Dick’s Sporting Goods contrasted with losses from Okta and Macy’s. A crucial Nvidia earnings report is expected to impact market sentiment.