US stock futures are mixed as tech sector remains cautious following Broadcom’s disappointing earnings report. Investors are now awaiting the release of the Consumer Price Index (CPI) data to gauge inflation trends.

Broadcom’s stock plunged over 10% after reporting lower-than-expected revenue and providing a weak outlook, impacting the overall sentiment in the tech sector. This has led to a cautious approach among investors ahead of the CPI data release.

The Consumer Price Index (CPI) data is highly anticipated as it will provide insight into inflation trends, which could impact the Federal Reserve’s monetary policy decisions. Investors are closely watching for any signs of rising inflation that could prompt the Fed to adjust interest rates.

Read more at Investing.com: US stock futures mixed with tech on edge after Broadcom wipeout; CPI awaited