US stock futures remain stable ahead of inflation data, despite concerns over Trump's tariff threats.

From Investing.com: 2024-11-26 18:56:01

U.S. stock index futures steadied after a positive session on Wall Street, with focus on upcoming inflation data. President-elect Donald Trump’s tariff threats on China, Canada, and Mexico raised concerns. Trading volumes expected to be low due to Thanksgiving holiday.

Investors awaited PCE inflation data for more rate cues. Recent signs of sticky U.S. inflation raised doubts over future rate cuts. Minutes of Fed’s November meeting showed policymakers divided on rate cuts.

Wall Street indexes hit record highs despite Trump’s tariff threats, thanks to gains in technology stocks. Five of the Magnificent Seven stocks closed higher, with Amazon.com Inc jumping over 3%.

In after-hours trading, HP Inc slid 7.2% on disappointing guidance, while Dell Technologies tumbled 10% due to missed revenue estimates. Autodesk Inc shed nearly 10% despite beating earnings estimates, and Workday Inc fell 8% on disappointing guidance.



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