Title: Stock futures slip ahead of key inflation report: Live updates
Stock futures slipped on Monday as investors awaited a key inflation report. The report is expected to show an increase in prices, which could potentially lead to higher interest rates.
In early trading, Dow futures fell by 85 points, or 0.25%. S&P 500 futures were down 0.2% and Nasdaq 100 futures were down 0.15%.
The upcoming inflation report is also being closely watched by the Federal Reserve, which has signaled that it will keep interest rates near zero until inflation rises above 2% for an extended period of time.
In other market news, shares in Amazon, Facebook, Apple and Google-parent Alphabet rose slightly in premarket trading.
In commodities, oil prices edged higher while gold prices fell. Bitcoin also fell, dropping more than 2% to just under $57,000.
Here are the live updates:
9:10 am ET: Dow futures fall ahead of key inflation report
Dow futures fell by 85 points, or 0.25%, ahead of an important inflation report that is expected to show an increase in prices.
9:30 am ET: S&P 500 futures down 0.2% in early trading
S&P 500 futures were down 0.2% in early trading as investors awaited the inflation report.
9:45 am ET: Nasdaq 100 futures fall 0.15%
Nasdaq 100 futures fell 0.15% in early trading amid uncertainty surrounding the upcoming inflation report.
10:00 am ET: Amazon, Facebook, Apple, Alphabet shares rise in premarket trading
The shares of Amazon, Facebook, Apple, and Alphabet rose slightly in premarket trading, bucking the trend of falling futures.
11:00 am ET: Oil prices edge higher while gold prices fall
Oil prices edged higher on Monday while gold prices fell, reflecting investors’ hesitancy to commit to any particular asset class amid market volatility.
11:30 am ET: Bitcoin falls more than 2%
Bitcoin fell more than 2% on Monday to trade at just under $57,000 as investors continued to monitor the cryptocurrency’s volatile movements.
In conclusion, the stock market today is showing signs of hesitancy as investors await an important inflation report that could potentially impact interest rates. While some major tech companies like Amazon, Facebook, Apple and Alphabet are experiencing growth in premarket trading, overall market trends are uncertain. Features like oil, gold and Bitcoin are also fluctuating in response to cautious investor behavior.