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Futures Hold Steady Following S&P 500’s Record Close

U.S. equity futures remained stable on Monday, thereby sustaining gains after the S&P 500 closed at an all-time high last week, exceeding 5,000 for the first time. Futures across the S&P 500, Dow Jones Industrial Average, and the tech-heavy Nasdaq Composite index remained relatively unchanged.

Stocks were largely driven upward last week due to the wave of incoming corporate earnings that largely exceeded Wall Street analysts’ expectations. Investors now await the next batch of corporate earnings this week, with the likes of Airbnb, Coca-Cola, John Deere, and Kraft Heinz headlining the incoming reports.

On Tuesday, the Consumer Price Index for January is set to be released, thus providing investors with their first insight this year into how low inflation is running. This report will provide a critical look at how the Federal Reserve may decide to approach its fiscal policy at its next meeting.

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