US STOCKS-Wall Street set to open lower as investors brace for inflation data
From Nasdaq:
Wall Street set to open lower on Monday as investors await key inflation data for cues on Federal Reserve’s monetary policy. Mixed jobs report last week led to speculation of a rate cut in June or possibly in May. AI-led rally halted due to strong economy. Federal Reserve officials in media blackout ahead of rate-setting meeting. Dow, S&P 500, Nasdaq futures down; chip stocks like Nvidia, AMD, Broadcom slide. Boeing down after Alaska Airlines criminal investigation. Cryptocurrency firms climb as bitcoin hits record high. Equitrans Midstream jumps after deal with EQT Corp. Focus on 2024 U.S. presidential election rematch between Biden and Trump.
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