US stock futures rise as key inflation data expected; positive.

From Investing.com: 2024-06-28 06:20:14

U.S. stock index futures rose at the end of a strong first half of the year, with gains expected as key inflation data is released. The main indices are poised for robust gains in the first six months of 2024, with the Nasdaq leading the pack with a 19% increase. Investors are awaiting PCE inflation data to get more clues on interest rates amid signs of cooling in the U.S. economy. The first Presidential debate of the 2024 elections unfolded between Joe Biden and Donald Trump, with Biden appearing to struggle. Nike shares slumped over 14% premarket after flagging a sales decline projected at 10%.

On the flip side, Trump Media & Technology Group saw a rise of over 6% in premarket trading after Trump outperformed Biden in the debate. Infinera stock shot up 17% following Nokia’s $2.3 billion acquisition announcement. Crude prices increased on concerns of supply disruptions in Russia and the Middle East, with WTI futures up nearly 2% for the week. Geopolitical tensions have kept traders on edge, leading to higher risk premiums on oil prices.



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