U.S. stock futures stall as traders await inflation data
U.S. stock futures stalled Wednesday as traders awaited inflation data that could change expectations of the path of interest rates.
What’s driving markets Moves in stock-index futures were meager early Wednesday as traders shelved big bets until the release at 8:30 a.m. Eastern of the U.S. consumer prices index. Economists expect the headline year-over-year CPI to have risen 3.6% in August, up from 3.2%, and for the month-on-month reading to come in at 0.6%, above July’s 0.2%, with the increases primarily reflecting higher oil prices. WTI crude futures CL.1, +0.84% hit a 10-month high just shy of $90 a barrel on Wednesday.
“Any large deviations from these expectations will move markets and would certainly rekindle fears of higher rates for longer, which would in turn be negative for equities in the shorter term,” said Richard Hunter, head of markets at Interactive Investor.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500: How to Protect Your Profits in a Sideways MarketStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Read more »
Predictions Are Pointless: Why You Shouldn’t Listen to GurusStocks Analysis by Lance Roberts covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Lance Roberts's latest article on Investing.com
Read more »
Russell 2000 Holds Steady; Nasdaq, S&P 500 Search for Support: What Lies Ahead?Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Declan Fallon's latest article on Investing.com
Read more »
How Long Can Mega-Cap Stocks Keep Fueling S&P 500 Rally?Stocks Analysis by Investing.com (Calogero Selvaggio) covering: S&P 500, Microsoft Corporation, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com
Read more »
S&P 500 rises as tesla, big tech rack up gains By Investing.comS&P 500 rises as tesla, big tech rack up gains
Read more »
The S&P 500 Could Drop to the 4270 LevelStocks Analysis by Dr. Arnout ter Schure covering: Nasdaq 100, S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Dr. Arnout ter Schure 's latest article on Investing.com
Read more »