US stock futures remain steady ahead of inflation data release, with focus on rate cuts

From Investing.com: 2024-08-11 20:00:10

U.S. stock index futures steady after turbulent week, focus on upcoming inflation data. Key indexes ended last week flat, fueled by bargain buying and hopes for rate cuts. S&P 500 futures down 0.1%, Nasdaq futures 0.1% lower, and Dow futures slipped 0.1%.

Eyes on inflation data release this week for economic direction. Expected cooling in July could boost optimism for rate cuts, with investors split on 25 or 50 basis point decrease in September. Federal Reserve likely to cut rates amid signs of slowing U.S. economy.

Wall Street rebounds from last week’s losses as tech stocks recover. Nasdaq saw steep declines, but bounce back driven by bargain buying and lessened recession fears. S&P 500 rose 0.5%, Nasdaq gained 0.5%, and Dow edged up by 0.1%.

In addition to inflation data, earnings reports from Home Depot and Cisco Systems on the horizon. Second quarter earnings season winding down, with tech sector leading recovery in market sentiment. Wall Street showing resilience despite recent volatility.



Read more at Investing.com: US stock futures steady as inflation data looms By Investing.com