"Wall Street Holds Breath for Consumer Inflation Data: Live Updates"

U.S. stock futures were mostly unchanged as investors awaited the release of the consumer price index (CPI) for insights on inflation. The major averages posted losses in the previous session, with the Nasdaq Composite declining 1%. Wall Street's focus is now on the August CPI report, with economists estimating a 3.6% year-over-year rise in inflation. Treasury yields rose as investors awaited the CPI data, which could provide hints about the outlook for Federal Reserve interest rate policy. Moderna shares gained after the CDC recommended updated Covid vaccines from Moderna and Pfizer for all Americans. Divergence was seen among mega-cap tech stocks, with Nvidia and Apple down, while Alphabet, Amazon, and Tesla traded higher. Stock futures opened flat.