US Futures Hold Steady Ahead of Inflation Reports – Borsa Italiana
US stock futures took a pause today as investors assessed the latest earnings reports and prepared for upcoming inflation data that could impact interest rates.
Yesterday, Wall Street closed lower, with Nvidia’s losses due to an investigation from China on potential anti-monopoly violations weighing on the market sentiment. The Dow was down 0.5%, and both the S&P 500 and Nasdaq lost 0.6%.
With the release of crucial inflation data tomorrow, investors are closely monitoring the economic indicators ahead of the Federal Reserve’s final interest rate decision of the year.
Despite calls from some Fed policymakers to remain vigilant against inflation, Fed Chair Jerome Powell emphasized that the central bank is not in a rush to lower rates given the robust economy.
In premarket trading, Oracle shares fell nearly 6% after missing quarterly expectations, while C3ai shares rose by 3.7% after reporting a smaller-than-expected quarterly loss.
Later today, GameStop will announce its latest earnings after the closing bell.
Looking ahead, Dow Jones futures were down by 41.00 points (0.09%), S&P 500 futures were up 5.00 points (0.08%), and Nasdaq futures showed an increase of 43.25 points (0.20%).
Investors are navigating through the market uncertainties, keeping an eye on the latest developments to make informed decisions.
