Stock Market Today: Live Updates | Real Time Headlines

U.S. stock futures were little changed late Sunday as the S&P 500 and Nasdaq Composite posted their third straight weekly gain ahead of key inflation data this week.

Dow Jones Industrial Average futures rose 23 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures rose 0.05% and 0.05%, respectively.

S&P 500 and Nasdaq Friday’s closing price hits new highup 0.96% and 3.34% respectively this week. The Dow was the only laggard, ending the week down 0.6%.

These measures are in November employment report Economic growth was stronger than expected, but the strength did not dampen investor hopes that the Federal Reserve would cut interest rates this month. this CME Group Fed Watch Tool It shows that the market expects an 85% chance that the target interest rate will be cut by 25 basis points at the end of the meeting on December 18.

“Everything else is working exactly the way the Fed wants it to,” said Wharton finance professor Jeremy Siegel. Tell Friday’s “Closing Bell” on CNBC. “I think we’re going to have one rate cut at the December 18 meeting, but to be honest, I think it’s only going to be two or three cuts next year. I think the momentum is probably going to continue.”

The Federal Reserve is currently in lockdown period Comments from the policy-setting meeting are imminent, but investors will get final insights into their decisions through key inflation data Set to be released this week.

November’s consumer price index, released on Wednesday, is expected to show a slight increase in price pressures. Economists polled by Dow Jones expected monthly and annual growth rates of 0.3% and 2.7% respectively. This would be an increase of 0.2% and 2.6% respectively from the previous month.

On Monday, investors will await October wholesale inventory data due at 10 a.m. ET.

Corporate financial reports will continue to be released on Monday Oracle results Expected after closing.