Stock market today: US futures in holding pattern in wait for CPI

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Federal Reserve News

Stock market today: US futures in holding pattern in wait for CPI
Holding Pattern,Inflation Report,Interest Rates

Investors are biding their time until the key March CPI inflation report lands as they wrestle with uncertainty around interest rates.

US stocks were stuck in a holding pattern on Tuesday as investors bided their time until a key inflation report lands and potentially sheds light on the path of interest rates. Futures tied to the Dow Jones Industrial Average , the S&P 500 , and the tech-heavy Nasdaq 100 were all trading just below the flatline.

That's intensified the focus on the CPI print for March, with any sign that inflation has begun to cool again seen as an invitation to a June policy shift. Meanwhile, fading rate-cut hopes have helped push up the 10-year Treasury yield near five-month highs — another potential headwind for stocks, with the 5% level seen as the key point of concern. The benchmark yield slipped on Tuesday to about 4.4%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares mostly rise as investors look to earnings and inflation signsTOKYO (AP) — Asian shares mostly rose Monday as investors looked ahead to earnings reports from top global companies and a consumer prices report that will...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bullish investors pile into EM, European stocks in March, BofA survey showsUpbeat investors rushed into emerging market equities in March at the fastest pace since April 2017, and into euro zone stocks at the quickest clip since...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »