Stock futures are little changed as investors look toward key inflation report: Live updates
Published On Nov 12, 2024, 6:02 PM
U.S. stock futures showed little movement as investors awaited the latest consumer price index (CPI) data, which is key for understanding inflation rates. On Tuesday, major averages fell slightly, with the Dow dropping about 382 points, reflecting a period of profit-taking and positioning ahead of upcoming economic reports. Analysts predict a 0.2% increase in CPI for October, which could signal strong economic conditions, impacting Federal Reserve decisions on interest rates.
Stock Forecasts
SPY
Positive
The positive economic signals, especially concerning CPI and strong retail sales anticipated this week, suggest that investors might regain confidence in the market.
SH
Negative
If the CPI numbers come in higher than expected, it could lead to concerns about inflation, pushing the market down further as investors adjust their expectations for Federal Reserve actions.
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