Stock market today: US futures rise as key Fed-watched inflation data keeps cooling

US stock futures rose on Friday as a closely watched inflation gauge kept up momentum on cooling inflation and investors absorbed the fallout of the Biden-Trump debate. S&P 500 futures advanced roughly 0.3% after the benchmark closed a step nearer to its record high. Contracts on the tech-heavy Nasdaq 100 were also 0.4% higher, while Dow Jones Industrial Average futures hovered above the flatline.

The last significant data point of that first half came in the latest reading of the Fed's preferred inflation gauge, which Yahoo Finance's Josh Schafer reported showed inflation eased in May as prices increased at their slowest pace since March 2021. The core Personal Consumption Expenditures index, which strips out the cost of food and energy and is closely watched by the Fed, rose 0.1 % in May from the prior month, in line with Wall Street's expectations.

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.

Stocks and cryptos trade sideways as investors eye PCE report, Biden-Trump debateThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Markets today: Stocks and bonds gain as PCE bolsters fed-cut betsStock futures rose and bond yields fell as a cooldown in the U.S. Federal Reserve’s preferred inflation gauge reinforced bets policymakers will have room to cut rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Trump Media stock climbs post-debate, PCE data: Yahoo FinanceMarkets (^DJI, ^IXIC, ^GSPC) are reacting to the latest Personal Consumption Expenditure (PCE) report released this morning. Investors are looking to the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »