From Investing.com: 2024-04-07 19:47:24

U.S. stock index futures rose after Wall Street reacted positively to payrolls data, with focus now on inflation for interest rate hints. Anticipation of first-quarter earnings season is also keeping traders on edge.

Strong data caused traders to rethink expectations for Fed rate cuts, limiting Wall Street gains. Indexes rose slightly but still closed with weekly losses. All eyes are now on CPI data for March, expected to show elevated inflation levels.

Wall Street closed higher despite strong payrolls data, with indexes ending the week with losses. Attention now shifts to CPI data for potential rate cut signals from the Fed. Traders have lowered expectations for a rate cut in June following recent inflation data and comments from Fed officials.

Q1 earnings season kicks off with major banks reporting this week. Investors will be closely watching to see if stock valuations align with actual performance. Companies like JPMorgan Chase, Citigroup, Wells Fargo, Delta Air Lines, and BlackRock will provide quarterly updates.



Read more at Investing.com: US stock futures creep higher with inflation, earnings on tap By Investing.com