US stock futures inch lower with CPI data, Harris-Trump debate on tap
Investing.com-- U.S. stock index futures fell slightly in evening deals on Tuesday as focus turned squarely towards an upcoming inflation print that is likely to factor into the outlook for interest rate cuts.
Wall Street indexes were sitting on some gains over the past two sessions after uncertainty over the economy and interest rates sparked steep losses through the prior week. Traders are pricing in a 70% chance the Fed will cut rates by 25 basis points, and a 30% chance of a 50 bps cut,Gains in technology stocks- amid some bargain buying and accumulation in the sector- helped most Wall Street indexes log a stronger close on Tuesday, although overall gains were still limited by losses in banks and energy stocks.) helped spur gains in technology stocks after the firm clocked stronger-than-expected earnings and also announced a cloud partnership with Amazon.
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