Stock futures in the U.S. decreased on Tuesday night after the release of January’s consumer price index.
Dow Jones industrial futures decreased by 60 points which are 0.18%. S&P 500 decreased by 0.24% and Nasdaq 100 futures decreased by 0.28%.
The dow decreased during the session and went lower by more than 156 points.
The S&P 500 remained almost flat, it decreased only 0.03%. Nasdaq Composite decreased close to 0.57%.
Inflation data for January month came a little more than the economists estimated.
The consumer price index went up by 0.5% for the month.
Ed Yardeni noticed that the inflation remained more than the Fed’s target rate which is 2%.
“The inflation came in with expectations, and I think that’s why the market took it in stride,” Ed Yardani said.
“I think we’re going to have some bumps along the road. But all in all, I think we’re certainly seeing strong disinflation.”
February’s homebuilding sentiment numbers will be released by the national association of home builders/Wells Fargo housing market index on Wednesday.
Three components are measured by the index current sales, expected sales, and buyer’s traffic.
Builder sentiment in the single family housing market posted a gain last month which is unexpected. First increase in 12 months.
Airbnb shares increased by 10% after the release of the company’s Q4 shares.
Devon Energy shares decreased 5% after the release of the Q4 earnings report which was disappointing.
U.S. stock futures decreased on Tuesday night.
Dow Jones Industrial Average futures decreased by 38 points which are 0.1%. S&P 500 and Nasdaq decreased by 0.1%.
- Published By Team Nation Press News