Stock futures inch lower as investors look ahead to key inflation readings due this week: Live updates

Published On Feb 10, 2025, 6:02 PM

U.S. stock futures are trending downwards as investors prepare for important inflation reports coming later this week. The Dow Jones Industrial Average futures decreased by 44 points (approximately 0.1%), while futures for both the S&P 500 and Nasdaq 100 fell around 0.1% as well. These declines follow a day in which the Nasdaq Composite saw an almost 1% increase, driven by gains in technology stocks like Nvidia and Micron Technology. On another note, President Trump announced a significant increase in tariffs on steel and aluminum imports, effective March 4, which resulted in a notable rise in steel company stocks such as Cleveland-Cliffs and Nucor. The upcoming Consumer Price Index (CPI) report is projected to show a decline week-on-week, suggesting that the market may have support against the potential impact of the tariffs in the short term.