On Tuesday, the S&P 500 and Nasdaq Composite posted their fifth straight day of losses.
Stock futures ticked higher Tuesday night as investors awaited the latest inflation numbers and the minutes from the Federal Reserve's latest meeting.
The moves came after the S&P 500 and Nasdaq Composite fell 0.65% and 1.1%, respectively, to post their fifth straight day of declines. The Dow ended the day on a higher note, up about 36 points, but gave back most of its gains from a rally earlier in the session.intervention will be over soonInvestors are looking forward to the September producer price index, a gauge of final-demand wholesale prices, due to be released by the Bureau of Labor Statistics on Wednesday.
"Powell has repeated, in what has become his mantra, that without price stability we cannot have a strong economy or a strong labor market," said Quincy Krosby, chief global strategist for LPL Financial. "Investors are concerned that restrictive monetary policy, that is, tighter financial conditions, could lead to the kind of financial accident that dries up liquidity and delivers more harm to the global economy.
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