The Best Investment Manager's Guide to U.S. Stock Futures Stability Ahead of Key Inflation Data
U.S. stock index futures remained stable on Monday after last week's volatility, with all eyes on upcoming inflation data. At 06:35 ET (10:35 GMT), the S&P 500 futures rose 40 points, Nasdaq futures climbed 10 points, and Dow futures gained 50 points.
The focus this week is on inflation data expected on Wednesday, which could provide insight into the economy and potential rate cuts. Investors are divided on whether the Federal Reserve will cut rates by 25 or 50 basis points in September, but a cut is likely amid signs of a cooling U.S. economy.
Wall Street rebounded from last week's losses, driven by bargain buying in tech stocks and optimism about the economy. Earnings reports from Home Depot and Cisco Systems are expected this week, wrapping up the second quarter earnings season.
Crude oil prices continued to climb on Monday, supported by easing U.S. economic concerns and geopolitical tensions in the Middle East. Both WTI and Brent crude futures saw gains, marking the first positive week in five.
Overall, investors should keep a close watch on inflation data and earnings reports this week, as they could provide valuable insights into market trends and potential investment opportunities.