Stock market today: Dow, S&P 500, Nasdaq futures rise amid in-line inflation print, while tariff risks loom
Published On Feb 28, 2025, 8:42 AM
U.S. stock futures increased on Friday following an inflation reading that met market expectations, even as concerns persisted over new tariff threats impacting major technology companies. Futures for the Dow, S&P 500, and Nasdaq saw slight gains as investors digested the latest inflation numbers, which showed a cooling in the core PCE price index. However, rising trade tensions, primarily related to potential tariffs on China, Canada, and Mexico, continue to hang over market sentiment, adding to the volatility seen in recent sessions.
Stock Forecasts
SPY
Positive
Given the inflation data aligns with expectations and may ease pressure on the Federal Reserve regarding interest rate hikes, this could potentially support a bullish market. However, tariff uncertainties may act as a counterbalance, particularly affecting tech stocks.
XLK
Negative
While the immediate response to the inflation data is positive, ongoing tariff threats could amplify volatility in tech stocks. Therefore, a cautious approach is warranted for high-dependence sectors on supply chains or commodities affected by tariffs.
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