HomeFinancial MarketsFutures Rise as Investors Await Further Inflation Data

Futures Rise as Investors Await Further Inflation Data

Futures on the New York Stock Exchange rose on Monday as investors braced themselves for the release of the highly-anticipated U.S. inflation report as an indication of the Federal Reserve’s monetary path going forward.

Dow e-minis were up 0.18% early Monday, while S&P 500 e-minis rose 0.39%. Nasdaq 100 e-minis led gains with a rise of 0.49%. U.S. stocks have shown healthy growth this year, with the benchmark S&P 500 index rising 16.6% for the year to date. This growth has largely been fueled by a rise in optimism about artificial intelligence and economic recovery amid cooling inflation. As a result, both Bank of America and JPMorgan last week dismissed their previous forecasts of a U.S. recession.

Investors’ focus turned to the upcoming inflation report after an employment report on Friday revived fears that the Federal Reserve could choose to keep interest rates higher for longer than was previously expected. “In our view, the picture on the labor market remains mixed,” UBS Global Wealth Management Chief Investment Officer Mark Haefele remarked.

Home Sales Plummeted in August According to Pending Data

Pending home sales for August were down 7.1% from the previous month, data from the National Association of Realtors revealed. This far outpaces the...

Stocks Fall After the Release of GDP Data

U.S. stocks declined on Thursday as investors digested the latest round of GDP data. Estimates on Thursday showed that the U.S. economy's GDP for...

Hyundai and Kia Recall Over 3 Million Vehicles Due to Fire Risk

Hyundai and Kia are in the process of recalling over 3.4 million vehicles in the United States due to a fire risk. Both automakers...