Stock futures open lower as investors await inflation data, bank earnings this week: Live updates
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Stock futures opened lower as investors await inflation data and bank earnings this week. Futures tied to the S&P 500 were down 0.1%, while futures tied to the Dow Jones Industrial Average lost 31 points. The Nasdaq 100 futures hovered below flat. The S&P 500 has rallied about 16.7% this year, and the benchmark index just had its fourth positive week in the last five. The June consumer price index will be released on Thursday, and the producer price index data will be released on Friday. Traders are expecting two interest rate cuts in 2024, with the first in September. Major banks, including JPMorgan Chase, will kick off second-quarter earnings season this week. PepsiCo is also set to post results. Stocks opened in the red on Sunday evening.
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https://www.cnbc.com/2024/07/07/stock-futures-open-lower-as-investors-await-inflation-data-this-week-live-updates-.html
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