Stock market today: US futures mark time as focus turns to inflation data

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Federal Reserve أخبار

Inflation Report,Premarket Trading

Wall Street is starting the holiday-shortened week in a muted mood as the wait for the Fed's favorite inflation data begins.

US stock futures idled on Tuesday, with techs a bright spot as Wall Street kicked off a holiday-shortened week by focusing on a coming inflation report watched closely by the Federal Reserve. S&P 500 futures were up 0.1%, while contracts on the tech-heavy Nasdaq 100 added 0.2% after solid closing gains on Friday. Futures on the Dow Jones Industrial Average , which lists fewer tech names, slipped 0.1%.

Investors are now firmly back on inflation watch, counting down to the release of the Federal Reserve's preferred PCE gauge on Friday. Fed officials have sent out a drumbeat of warnings that data must show real cooling in inflation to trigger a policy shift, with Neel Kashkari the latest to join them.

 

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