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

Published On Dec 19, 2024, 6:01 PM

U.S. stock futures were stable as traders await key inflation data from the Federal Reserve. In after-hours trading, FedEx surged 8% after positive quarterly earnings, while Nike rose over 7% with strong results. The Dow managed a slight gain, breaking a 10-day losing streak, while other major indexes faced modest losses. Analysts caution that upcoming inflation figures could significantly impact market sentiment. Additionally, short selling in the automotive sector is increasing following a rise in analyst sell ratings.