Stock futures rise slightly ahead of key inflation data and the kickoff of earnings season

The U.S. equity futures slightly increased on Sunday evening as the investors saw forward to the key inflation.

Futures tied to S&P 500 increased by 0.2% and those tied to Dow Jones increased by 62 points which is an increase of 0.2%, Nasdaq 100 futures did not increase or decrease, they were flat.

On Thursday, the big averages increased toward the end of the holiday. Speaking about a weekly gain, only the Dow increased. Dow increased by 0.6% while S&P 500 decreased by 0.1% and the Nasdaq composite decreased by 1.1%. 

Nonfarm payrolls increased by 236,000 for the month, which is at par with the estimate of Dow Jones which is 238,000. 

Unemployment decreased by 3.5%.

“As such, the odds of another quarter-point rate hike in May should go higher as the data does not appear to justify a Fed pause,” Jason Pride said.

The futures which are connected to the major averages started high on Sunday evening. 

Dow Jones Industrial increased by 52 points which are 0.15%. S&P 500 futures increased by 0.16%  and Nasdaq 100 futures increased by 0.02%.

The S&P 500 and Nasdaq posted losses on Thursday. Dow posted gains. The S&P 500 decreased by 0.1%, it finished at 4,105.02, Nasdaq decreased by 1.1% which is 12,087.96. The 30-stock Dow increased 0.6% and closed at 33,485.29.

- Published By Team Nation Press News