Stock futures are flat ahead of key March inflation data
Stock futures had no change in overnight trading on Tuesday.
Futures that are tied to Dow Jones had no change, S&P 500 futures increased 0.04% and Nasdaq 100 futures increased 0.07%.
Stocks that ended on Tuesday were mixed, S&P 500 didn’t close much, Dow Jones increased 0.29%. Nasdaq composite decreased 0.43%. The IT industry decreased 1%. Dow Jones predicted that CPI increased by 0.2%. In February the increase was 0.4%.
“It kind of feels like the calm before the storm,” Ryan Detrick said.
“I mean it’s light volume, not a lot of big moves today. Traders are just kind of getting the eye on the prize, looking at that big CPI number.”
European stock markets are expected to be mixed on Wednesday.
Britain’s FTSE 100 decreased by about 2 points which makes it 7.780.2, Germany’s DAX is all set to increase by 7.5 points which makes it 15,661.4.
France’s CAC 40 is expected to decrease by 0.4 points and make it 7,394.8.
Minneapolis Fed president said he believes inflation in the U.S economy will be near the central bank’s target which is 2% in the year 2024.
“We’re still concerned- they should be at least – about the condition of the banking industry overall,” Hoeing said.
Stock futures were flat when they opened.
Futures tied to Dow jones increased by 19 points which is 0.06%. S&P 500 and Nasdaq 100 futures were flat.
- Published By Team Nation Press News