Stock market today: Dow, S&P 500, Nasdaq futures climb with PPI inflation looming after hot CPI
Published On Feb 13, 2025, 2:02 AM
U.S. stock futures for Dow Jones, Nasdaq, and S&P 500 showed slight gains as investors await the Producer Price Index (PPI) data following a disappointing Consumer Price Index (CPI) report indicating elevated inflation levels, likely hindering hopes for near-term interest rate cuts by the Federal Reserve. January's CPI data revealed consumer prices rising more than expected. Furthermore, analysts are anticipating earnings reports from notable companies such as Airbnb, Roku, and Coinbase. Political tensions related to ongoing trade conflicts may also impact market sentiments.
Stock Forecasts
SPY
Neutral
With inflation remaining high and Fed rate cuts becoming less likely, the market may experience some short-term volatility. However, as investors process earnings reports and navigate geopolitical developments, there could be cautious optimism, particularly for tech stocks benefiting from AI advancements.
HOOD
Positive
Given the recent earnings that have shown strength, particularly in companies like Robinhood, optimistic sentiment may favor a short-term bullish outlook for this stock, especially if the overall market sentiment remains stable or improves.
RDDT
Negative
The negative sentiment surrounding Reddit's stock due to user growth issues may lead to further selling pressure in the near future as investors reassess its growth potential amid competitive pressures.
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