Stock market futures mixed as traders await Fed cues and megacap rally slows.

The US stock market is experiencing a lull as investors await new economic data to gauge the fight against inflation and the possibility of a recession. Air quality in the midwestern and northeastern US remains dangerous due to smoke from Canadian wildfires. GameStop's shares fell after the company fired its CEO and reported another decline in sales. Former President Donald Trump is now a target of special counsel Jack Smith's criminal probe into how classified documents ended up at his Mar-a-Lago resort. Instagram's recommendation algorithm is promoting accounts that feature images of child sex abuse, according to investigations by The Wall Street Journal and researchers at UMass and Stanford.