Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates

Published On Dec 8, 2024, 6:02 PM

U.S. stock futures are slightly lower after the S&P 500 and Nasdaq Composite both achieved their third consecutive week of gains. This pullback occurs as investors await key inflation data which could affect the Federal Reserve's decisions on interest rates, with expectations leaning towards a potential rate cut in December. The upcoming consumer price index (CPI) report is projected to show a modest increase in inflation, potentially influencing market sentiment.

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Given the recent gains in the S&P 500 and Nasdaq, there is cautious optimism in the market heading into CPI data this week. If inflation data comes in lower than expected, it could reinforce bullish sentiment. However, any significant uptick in inflation may hinder the possibility of an expected rate cut and negatively impact the market.

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