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Futures for Stocks Begin the Week Lower as Traders Watch this Week’s Bank Results and Inflation Data

As investors anticipate important inflation statistics that may provide more insight into the duration of this year’s market run, stock futures saw a slight decline on Sunday night.

A few significant consumer and financial companies’ earnings are also scheduled to be released.

While futures linked to the Dow Jones Industrial Average fell 31 points, or around 0.1%, S&P futures saw a 0.1% decline.

Nasdaq 100 futures were trading close to zero. With continued hope that a stronger inflation picture and any areas of weakness in the economy later this year could lead to a Federal Reserve interest rate cut, the S&P 500 has increased by roughly 16.7% so far this year.

The benchmark index recently had its fourth positive week in the last five. Coming out on Thursday, the June consumer price index could support such expectations in the event that the headline data, as currently anticipated, shows a little improvement. Friday will see the release of producer pricing index data.

Source (CNBC)

SourceCNBC
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