From Investing.com:

US stock futures showed mixed movement on Sunday night following a week of declines. Traders are now focusing on upcoming inflation data and significant bank earnings later in the week. Nasdaq futures were 0.1% lower, while Dow and S&P 500 futures added 0.1% each.

Last week, the Nasdaq fell 1.5% and S&P 500 declined by 0.6%. Apple shares slid around 6% and the yield on the 10-year Treasury note swung back above 4%.

Markets consolidated amidst concerns that equities are overvalued. The Fed’s dovish stance drove a year-end rally, but a robust December jobs report and Fed meeting minutes have intensified concerns about rate cuts.

All eyes in the US are on the upcoming inflation data, which is expected to show an increase in consumer prices and a decrease in the core rate. The annual headline inflation rate is expected to bounce back to 3.2% from November’s 3.1% low, while the core rate is likely to have eased to 3.9%, the lowest since May 2021.

This week, traders will gain more insight into the central bank’s path of rate cuts with the release of the Fed meeting minutes on Thursday and the inflation data due out on Friday.

The upcoming corporate earnings season will commence on Friday, with major banks and other companies reporting results. Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, UnitedHealth Group, BlackRock, and Delta Air Lines are among those set to release their earnings.

Stay updated with InvestingPro+ for the latest earnings results and use discount code “INVPRODEAL” for an additional 10% off the subscription. On the bond markets, rates were at 4.068%.



Read more: Dow futures slip 0.1%, inflation data, major bank earnings ahead By Investing.com