US stock futures rise slightly as investors await PCE data, concerns over high interest rates

From Investing.com: 2024-05-27 19:46:48

U.S. stock index futures edged higher Monday night, awaiting key inflation data later in the week following a slow Memorial Day holiday. The S&P 500 futures rose 0.1%, the Nasdaq futures gained 0.2%, and the Dow futures increased 0.1%.

Investors anticipate the release of the PCE inflation data on Friday, an important metric for the Federal Reserve’s interest rate decisions. Traders are reacting to warnings from Fed officials about persistent inflation, adjusting expectations for rate cuts.

Wall Street achieved record highs last week, led by technology stocks like NVIDIA. However, concerns over prolonged high interest rates caused volatility in other sectors. Higher rates can dampen demand for equities and reduce market liquidity for investments. The S&P 500 closed at 5,304.72 points, the Nasdaq hit a record 16,920.79 points, and the Dow finished at 39,069.59 points.



Read more at Investing.com: US stock futures inch higher in slim trade as PCE data approaches By Investing.com