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Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on records

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US Stock Futures,Interest Rates,Federal Reserve

A consequential week that could provide key signals for the near-term path of interest rates.

US stock futures were little changed early Monday ahead of a consequential week that could provide key signals for the near-term path of interest rates. Futures tied to the S&P 500 and tech-heavy Nasdaq Composite hugged the flatline after each index notched its latest record on Friday. Futures tied to the Dow Jones Industrial Average nudged up about 0.1%.

Several events this week could add to that growing rate-cut momentum. Fed Chair Jerome Powell is set to appear in Congress for semiannual testimony Tuesday and Wednesday. Then comes the latest Consumer Price Index print, set for release on Thursday. Economists expect headline inflation rose 3.1% over the last year, which would match the lows where the CPI started the year.

 

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