Markets hold near flat as inflation data and earnings loom
TL;DR Summary
Stock futures were little changed as traders awaited July’s producer-price index and Friday’s retail-sales data, with Dow futures near the flatline, S&P 500 futures slightly lower and Nasdaq-100 futures down about 0.1%. Asia-Pacific equities were mixed to firmer, led by gains in Korea and Japan, while Australia slipped. The PPI is expected to rise 0.2% and July CPI rose 0.1% month over month, keeping Fed-rate expectations in play for later in the year (October or December). After-hours, CoreWeave jumped on earnings while Cisco, Cerebras and Coherent fell on mixed results.
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- Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4% CNBC
- Cooler CPI inflation reading bolsters case for Fed to hold rates in September Yahoo Finance
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