Investors await key economic data and the start of earnings season this week. The week's focus includes the December CPI report and commentary from Fed officials. Stock futures were little changed on Sunday as market participants prepare for a data-heavy week.
Stock futures were little changed on Sunday as investors look toward a data-heavy week, which includes the December report on U.S. inflation and big bank earnings. This week will give investors a clearer picture of the state of the economy following a blowout jobs report last week that sent stocks tumbling. The stronger-than-expected nonfarm payroll report raised concerns that the Fed eral Reserve will proceed with caution moving forward, which casts doubt on further interest rate cuts.
The 30-stock Dow and S&P 500 both ended the week 1.9% lower, while the Nasdaq Composite lost 2.3%, with all three indexes notching their second-consecutive weekly loss. 'With current inflation and inflation expectations elevated and sticky, and with bond yields having risen sharply and quickly, equity investors are starting to become more cautious,' said Katherine Nixon, chief investment officer for wealth management at Northern Trust.'In a classic 'too much of a good thing,' the constructive growth backdrop is leading to a higher-for-longer interest rate forecast.' Traders currently give more than 97% odds that the central bank will leave rates unchanged at its Jan. 29 meeting, and a nearly 75% chance that the Fed holds the line again in March, according to the . Data this week includes the December consumer price index on Wednesday morning. Before that, investors will parse wholesale inflation with December's producer price index report on Tuesday. Wall Street also await commentary from Kansas City Fed President Jeffrey Schmid and New York Fed President John Williams on Tuesday.Stock futures were little changed on Sunday, with Wall Street looking toward a data-heavy week as well as fresh corporate earnings. Dow Jones Industrial Average futures ticked down 13 points, or 0.08%. S&P 500 futures fell 0.25%, while Nasdaq 100 futures slipped 0.3%.Inflation data will be key in the week ahead, with earnings kicking of
INFLATION EARNINGS FED STOCK MARKET FUTURES
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