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Stock futures are little changed as traders look ahead to key inflation data: Live updates – UnlistedNews

US stock futures were little changed Monday night after the leading averages snapped a three-day slide.

Dow Jones Industrial Average futures were little changed. S&P 500 futures were up 0.01%, while Nasdaq-100 futures were down 0.01%.

Investors come from a positive session for the main averages. On Monday, the Dow Jones industrial average gained 209.52 points, or 0.62%, while the S&P 500 advanced 0.24%. The Nasdaq Composite lagged behind, rising just 0.18%.

The June Consumer Price Index report to be released before trade on Wednesday, as well as the June Producer Price Index to be released on Thursday, will shed light on whether the decline in inflation has continued and will create the backdrop for the future direction of interest rates. Investors noted another quarter-point rise at the Federal Reserve meeting on July 26, but are undecided on what the central bank will do at its September meeting after last week’s strong jobs data generated concern that policymakers will raise rates again after the June meeting. pause.

“The pause, agree or disagree, is to gather more information,” Dan Greenhaus of Solus Alternative Asset Management said Monday on CNBC’s “Closing Bell.” He added: “One more raise or two more raises is a lot less important than when they ultimately start cutting rates on the other side of this. That’s a lot more important, I think, to the risk outlook than one or two further increases”. more walks.”

On the economic front, the June NFIB Small Business Index, a measure of business confidence, will be released on the Tuesday before the bell. Economists polled by Dow Jones anticipate a reading of 90.0, slightly up from the 89.4 level in May.

Second-quarter earnings season kicks off later this week with the results of “systemically important financial institutions” as JPMorgan Chase, fargo wells and Citigroupfurther black rock, PepsiCo and delta air. dow component UnitedHealth reports on Friday.


Sara Marcus
Sara Marcushttps://unlistednews.com
Meet Sara Marcus, our newest addition to the Unlisted News team! Sara is a talented author and cultural critic, whose work has appeared in a variety of publications. Sara's writing style is characterized by its incisiveness and thought-provoking nature, and her insightful commentary on music, politics, and social justice is sure to captivate our readers. We are thrilled to have her join our team and look forward to sharing her work with our readers.


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