Futures rebound as inflation data looms and earnings swirl
TL;DR
US stock futures rallied ahead of the June PCE inflation release and GDP data after a Fed hold, with Dow futures up about 0.2%, S&P 500 futures up around 0.4%, and Nasdaq futures up roughly 0.7%. The day features mixed earnings, with Meta slipping after its report while Microsoft jumped on Azure revenue, and Amazon and Apple due to report next. Investors monitor rising yields, a geopolitical backdrop in the Middle East, and the ongoing earnings season as they await inflation data to shape the Federal Reserve’s path.
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