Stock Futures Remain Higher on In-Line Inflation: Markets Wrap
Published On Jan 31, 2025, 8:34 AM
Stock futures are trending higher after the Federal Reserve's preferred inflation gauge reported figures that aligned closely with analysts' expectations. The core personal consumption expenditures price index rose by 0.2% from the previous month, indicating a year-over-year increase of 2.8%. This data suggests that inflation is stabilizing, which may influence the Fed's monetary policy decisions going forward. Additionally, the market saw positive movements in stocks like Apple, Intel, Exxon Mobil, and Chevron, which reported strong earnings or forecasts.
Stock Forecasts
AAPL
Positive
With inflation stabilizing and positive corporate earnings reports, the market sentiment remains optimistic. Investors may respond favorably to this news, particularly for stocks like Apple, Intel, and Exxon Mobil.
INTC
Positive
Intel's better-than-projected revenue could lead to increased investor confidence in the semiconductor sector, especially as they work on improving competitiveness.
XOM
Positive
Exxon Mobil's ability to beat earnings estimates despite falling oil prices suggests resilience in their business model, which may attract investor interest moving forward.
CVX
Positive
Chevron's dividend increase shows commitment to returning value to shareholders, potentially boosting its stock appeal even with fluctuating profits.
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