Key Events2 min ago21 min ago32 min ago44 min ago1 hour agoPinned PostStocks looked set to rise on Monday as investors’ focus shifted to inflation, with this week’s consumer-price report print likely to help determine if the Federal Reserve can stick to its guns by not hiking interest rates in September.S&P 500 futures added 0.2%. Nasdaq 100 futures rose 0.4%. Dow Jones Industrial Average futures slipped 30 points, or 0.1%.The three major indexes closed in the green on Friday following a softer-than-expected jobs report that bolstered the case for the Fed to hold rates steady.The next key data point for the market is likely to be Wednesday’s CPI print. Economists are forecasting that consumer prices rose at a rate of 3.4% last month, down from 3.5% in June.“The prevailing narrative is that inflation remains damningly high… A benign CPI report and no September rate hike would give this market permission to run faster,” Edwards Asset Management chief investment officer Bob Edwards said.“Investors should enjoy it, but I continue to expect a sawtooth run to the finish,” he added, referring to a pattern of sharp rises and falls for the market.
Stock Market Today: Dow, Set to Open Down; S&P 500, Nasdaq Futures Rise; Trump, Iran Hormuz Hope; Super Micro, Micron, Marvell, More Movers
The S&P 500 and Nasdaq are rising in premarket trading, Dow Futures are Falling as the stock market tech rally rolls on.
S&P 500 and Nasdaq futures rally Monday on expectations of a softer CPI report Wednesday; economists forecast inflation at 3.4% versus 3.5% prior. A benign CPI print and paused Fed rate hike in September would relieve monetary pressure on tech equities, historically punished by higher rates.









