Monday’s stock futures saw a small increase as Wall Street anticipated this week’s new inflation report. S&P 500 futures saw a 0.1% increase, while Nasdaq 100 futures saw a 0.2% increase.
Futures for the Dow Jones Industrial Average increased by 56 points, or 0.3%. The 30-stock Dow just had its greatest week of the year and its eighth consecutive winning session on Friday.
The Federal Reserve’s future monetary policy will be scrutinised by investors, as the consumer price index report for April is scheduled to be released on Wednesday. Despite several hotter-than-expected inflation prints in recent months, traders hope that the Fed is basically ruling out a return to rate hikes.
Source (CNBC)
