Stock market today: Dow, S&P 500, Nasdaq futures slide as investors await inflation data amid rate-cut fever

US stock futures sunk below the flatline as Wall Street readied for new data on inflation following a record-breaking day for markets.

Futures attached to the benchmark S&P 500 (ES=F) slipped 0.1%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) and the Dow Jones Industrial Average (YM=F) dropped 0.2%.

CBOT - Delayed Quote•USD

(YM=F)

Suivre View Quote Details

45,594.00

-112.00

(-0.25%)

As of 3:30:52 AM EDT. Market Open. YM=FES=F NQ=F

Advanced Chart

Stocks rose on Thursday, lifting the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) to new highs. Investors cheeredsigns of a resilient economy even as President Trump's effort to oust Federal Reserve governor Lisa Cook took a new turn.

Now, Wall Street is bracing for fresh insight on the chance of a rate cut, with the July reading of the Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, set to land Friday at 8:30 a.m. ET.

Bets that the Fed will cut rates at its September policy meeting have been soaring since Fed Chair Jerome Powell opened the door to such a move in his remarks in Jackson Hole, Wyo. Central bank officials, however, must balance signs of a weakening labor market with indications inflation remainsstubborn, especially as Trump's tariffs kick in.LIVE1 update

Today at 1:55 AM UTC

Rian Howlett

Gold pushes back towards record highs in second weekly gain.

Gold (GC=F) has seen consecutive weeks of gains to push back towards records set in April. Fears around the Fed's independence and the upcoming inflationary report have made the precious metal an attractive prospect to investors seeking stability.

Bloomberg reports:

Read more here.

Afficher les commentaires