U.S. stock futures retreat as inflation data and earnings season loom

U.S. stock futures were again under pressure Monday ahead of crucial inflation data and the start of second-quarter earnings season.

How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 187 points, or 0.55%, to 33735, the S&P 500 SPX declined 13 points, or 0.29%, to 4399, and the Nasdaq Composite dropped 18 points, or 0.13%, to 13661.The S&P 500 shed 1.2% last week as relatively robust economic data pushed bond yields TMUBMUSD10Y toward cycle highs on expectations the Federal Reserve would need to keep raising borrowing costs as it continued to suppress inflation.

“Due Wednesday, U.S. inflation is expected to have fallen from 4% to around 3% in June, with a possibly uptick in the monthly data. But core inflation could prove stickier at around the 5% mark,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Such a negative narrative tends to be counteracted by accompanying hopes that the authorities in Beijing will unleash more stimulus, and so the reaction is nuanced. Hong Kong’s Hang Seng HSI rose 0.6% but industrial commodities that are often tightly correlated to perceptions of Chinese demand, such as oil CL00 and copper HG00 , are lower on the day.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Jeremy Grantham on superbubble, stock market crash, AI boom: quotesLegendary investor Jeremy Grantham revealed how the AI craze has changed the odds of an epic market crash. Here are the 8 best quotes.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Stock market outlook next 6 months: Why a recession is still comingHere's why it's time to sell stocks and prepare for a recession in the second half of 2023, according to 7 top Wall Street firms like JPMorgan, Morgan Stanley, and more
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Stock Market Crash: Expert Warns Recession Coming Despite Optimism'I've seen this show before': A renowned market bear who called the dot-com bubble warns a recession is still barreling toward the US economy — and stocks are due to suffer as misguided optimism fuels the rally
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

A Soft Corporate-Earnings Season Poses Next Test for Stock Market RallyInvestors look to earnings reports for insight into how corporate profits are holding up against inflation and constrained consumer demand
Fonte: WSJ - 🏆 98. / 63 Leggi di più »