Traders work on the floor of the New York Stock Exchange (NYSE) on August 8, 2024 in New York City.
Spencer Pratt | Getty Images
U.S. stock futures rose early Tuesday as investors awaited key inflation data this week.
Dow Jones Industrial Average futures rose 81 points, or 0.21%. S&P 500 futures and Nasdaq 100 futures rose 0.22% and 0.36%, respectively.
The regular meeting is A turbulent one The major averages are struggling to build on last weekend’s rebound. this S&P 500 Index It ended up flat, up just 0.23 points. this Nasdaq Index up 0.21%. at the same time, Dow Jones Industrial Average down 0.36%.
Investors will now turn their attention to inflation reports on consumer and producer prices due out over the next two days. The data could bring some direction to uncertain markets after last week’s disappointing jobs report and the unwinding of yen carry trades rattled investors.
Major stock indexes perform huge comeback Following Monday’s sharp decline in the S&P 500, late last week worst day From 2022 onwards.
Cameron Dawson, investment director, said: “The market was a little oversold last week, but in terms of things like the percentage of stocks trading above the 50-day moving average, we’re not oversold at all, which just shows that we’re definitely No real flush in sight. “Closing Bell” on Monday.
The Producer Price Index, a measure of wholesale prices, due out on Tuesday, is expected to show a monthly gain of 0.2% in July, consistent with last month’s reading, according to Dow Jones consensus estimates.
Consumer prices, released on Wednesday, are expected to rise 0.2% last month, up from a 0.1% decline last month.
Later this week, retail sales data may attract some attention after the latest jobs report reignited concerns about slowing economic growth and put consumers under the microscope.
Elsewhere, corporate earnings season continues with results from major retail leaders. home depotRelease is expected Tuesday.
