Pre-Market Update: Stock Futures Edge Higher as Markets Wait for Inflation Data and Fed Decision

TLDR

• US stock futures were mixed Monday, with S&P 500 and Nasdaq futures slightly up, Dow futures slightly down
• Investors are waiting for Wednesday’s Consumer Price Index report, forecast to show 3.4% inflation
• The Fed remains divided on whether to raise rates in September after a weak jobs report Friday
• Oil prices held steady around $84 per barrel as Iran suggested a Hormuz Strait deal is “very close”
• Several AI infrastructure companies report earnings this week, giving insight into the AI spending boom

US stock futures opened the week in a holding pattern on Monday as investors braced for a key inflation reading that could shape the Federal Reserve’s next move on interest rates.

Nasdaq 100 futures rose 0.4%, S&P 500 futures added 0.1%, while Dow Jones futures slipped slightly, down less than 0.1%. The moves follow a positive week for all three major indexes.

Markets closed higher on Friday after a softer-than-expected jobs report reduced pressure on the Fed to act aggressively on rates. That report gave investors some breathing room heading into this week.

… Continue reading the full article at the original source below.