Stock futures tick higher as traders await first of two key inflation readings this week: Live updates
Published On Jan 13, 2025, 6:02 PM
Stock futures were up due to investor anticipation for key inflation readings coming this week. Futures for major indices like the Dow Jones, S&P 500, and Nasdaq increased as the market adjusted from the previous week’s drops in tech stocks. Economic anticipation surrounds upcoming PPI and CPI reports, which will likely influence the Federal Reserve's monetary policy. Additionally, major banks are set to release their quarterly earnings soon, adding more market activity.
Stock Forecasts
KBH
Positive
Stocks like KB Home have performed well following strong earnings reports, suggesting potential for continued investment interest in the home building sector. Meanwhile, the anticipated inflation data could lead to volatility, particularly impacting sectors sensitive to interest rates and inflation, such as technology.
LULU
Negative
Lululemon's stock dipped despite positive sales projections, indicating a possible market overreaction or profit-taking, making it an interesting watch for bargain hunters. However, uncertainty around broader market conditions could hinder its recovery in the short term.
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