Market Watch: Investors Await Fed's Inflation Gauge, S&P500 Holds Steady, U.S. Traders Unfazed by China Rally

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Source: CNBC
Market Watch: Investors Await Fed's Inflation Gauge, S&P500 Holds Steady, U.S. Traders Unfazed by China Rally
Photo: CNBC
TL;DR Summary

Stock futures were little changed as investors awaited new inflation data, particularly the personal consumption expenditures price index, which is closely followed by the Federal Reserve. Mixed earnings reports led to diverging directions in after-hours trading, with Intel and Roku seeing gains while T-Mobile slid. Wall Street is trying to gauge the Fed's future moves after the recent interest rate hike. The Dow ended a 13-day win streak, but all three major indexes are on track for marginal weekly gains. Investors will also be watching for data on employment costs, personal income, consumer spending, and consumer sentiment.

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