Stock futures are little changed as traders brace for Fed’s preferred inflation reading: Live updates

Published On Sep 26, 2024, 6:05 PM

The latest stock market update indicates that stock futures are mostly unchanged as investors await a key inflation reading. Recent economic data suggests a strong U.S. economy, with a rise in the S&P 500 to new levels and a 3% growth rate reported for Q2 GDP. Upcoming data expected on the personal consumption expenditures (PCE) price index should provide insights into inflation trends.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

SPY View SPY chart on TradingView

Positive

Given the positive economic indicators and recent upward momentum in major indexes, the outlook for the S&P 500 remains positive as investors might react favorably to a cooling inflation report.

COST View COST chart on TradingView

Negative

Costco's recent revenue miss may lead to cautious sentiment around the stock, especially following its slight drop after earnings. This could impact investor confidence in the short term, creating a negative outlook for Costco's stock.

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