March S&P 500 E-Mini futures are steady as January inflation data shows a 2.4% rise in the Consumer Price Index, a decrease from the previous month. Wall Street saw major indices drop, with Apple and Tesla falling. Fed Governor Stephen Miran warns that current monetary policy risks hindering economic growth supported by Trump administration policies. President Trump plans to reduce some tariffs on steel and aluminum. The Labor Department reports a 5K decrease in initial jobless claims and U.S. existing home sales fell by 8.4% in January. Notable companies like Moderna and Advance Auto Parts are set to release earnings today. Asian markets close in the red, with China’s Shanghai Composite and Japan’s Nikkei 225 down.

In Spain, the CPI fell by 0.4% monthly and rose by 2.3% annually, slightly below expectations. Eurozone’s GDP and Employment Change met expectations, while December Trade Balance exceeded forecasts. U.S. pre-market stock movers include Micron Technology and Intel falling, and steel stocks declining after news of tariff reductions. Pinterest plunges over 19% after weak Q4 revenue, while Applied Materials surges over 11% on strong FQ1 results. Arista Networks climbs more than 8% after upbeat Q4 results. Today’s U.S. earnings spotlight includes companies like Cameco, Moderna, and Advance Auto Parts reporting quarterly results.

Read more at Yahoo Finance: Cooler January CPI Signals an Inflation Thaw