"Market Anticipation: Stocks Edge Up as Investors Await CPI Data and Earnings Reports"

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Source: CNBC
"Market Anticipation: Stocks Edge Up as Investors Await CPI Data and Earnings Reports"
Photo: CNBC
TL;DR Summary

Stock futures remained flat as investors awaited the release of the March consumer price index (CPI) report, which is expected to show a 0.3% increase from the previous month and a 3.4% rise from a year earlier. The outcome of the report will likely influence the Federal Reserve's decision on interest rates, with a hotter-than-expected reading potentially leading to market pullback. Additionally, investors are anticipating the release of meeting minutes from the Fed's previous gathering and the start of earnings season, with Delta Air Lines set to report results on Wednesday. In after-hours trading, PriceSmart shares rose after beating estimates, while SMART Global Holdings and WD-40 saw declines after falling short of revenue expectations.

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