Stock futures were little changed on Monday, as investors prepare for a fresh inflation report.
Futures tied to the Dow Jones Industrial Average
fell 9 points, or 0.02%. Nasdaq 100 futures
hovered near the flatline, alongside S&P 500 futures
Investors are keenly focused on Tuesday’s consumer price index report, hoping to gather potential insight into how the Federal Reserve will handle short-term interest rates, especially as the S&P 500 hovers near an all-time high. Economists polled by Dow Jones expect the index to advance 0.2% month-over-month in July, and 2.8% on an annualized basis. So-called core CPI, which strips out food and energy from the reading, is expected to climb 0.3% month-over-month and 3.1% year over year.
