Market Snapshot: U.S. stock futures steady ahead of crucial inflation report

by | Feb 14, 2023 | Stock Market

U.S. stock futures held its latest gains on Tuesday as traders eyed crucial inflation data.How are stock-index futures trading
S&P 500 futures
rose 4 points, or 0.1%, to 4151

Dow Jones Industrial Average futures
fell 6 points, or less than 0.1%, to 34262

Nasdaq 100 futures
added 5 points, or less than 0.1%, to 12545

On Monday, the Dow Jones Industrial Average
rose 377 points, or 1.11%, to 34246, the S&P 500
increased 47 points, or 1.14%, to 4137, and the Nasdaq Composite
gained 174 points, or 1.48%, to 11892.

The Nasdaq Composite is up 13.6% so far in 2023, but remains 25.9% off its record high touched in November 2021.What’s driving markets Moves in equity index futures were meager early Tuesday as traders eschewed bold bets ahead of the potentially big-market-moving consumer price index report due at 8:30 a.m. Eastern. “The waiting game goes on as investors jockey for positions ahead of U.S. inflation data,” said Stephen Innes, managing partner at SPI asset Management. Economists forecast that the headline annual CPI inflation rate will have dropped from 6.5% in December to 6.2% last month and the core reading – which strips out particularly volatil …

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