"Investors Await Inflation Data as S&P and Nasdaq Close Lower"

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Source: CNBC
"Investors Await Inflation Data as S&P and Nasdaq Close Lower"
Photo: CNBC
TL;DR Summary

Stock futures edged up as investors awaited a key inflation report, with the Dow Jones Industrial Average gaining 30 points and S&P 500 and Nasdaq 100 futures both rising 0.2%. All eyes are on the February consumer price index reading, set to be released Tuesday, which could impact the Federal Reserve's monetary policy. The technology-led market rally has slowed, with major tech stocks like Nvidia, Apple, Alphabet, Microsoft, and Tesla experiencing recent declines. JPMorgan CEO Jamie Dimon and strategist Marko Kolanovic advise caution in the stock market, citing potential risks and inflation concerns. Oracle shares surged over 12% in extended trading after beating analysts' earnings estimates.

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