Stock market today: Dow futures hold near record high as stocks steady ahead of Fed reality check

Published On Sep 23, 2024, 6:37 AM

U.S. stock futures are steady as investors anticipate comments from Federal Reserve officials and key inflation data this week that may influence future interest rate decisions. Dow futures are near record highs, while S&P 500 and Nasdaq futures see minor gains. The upcoming PCE index reading and second quarter GDP release will provide insights into the economy's health and inflation, affecting the likelihood of further rate cuts. Notably, Intel shares rose following reports of a potential multibillion-dollar investment from Apollo Global Management, reflecting investor confidence in the company's turnaround strategy.