Inflation, For The Future
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U.S. stock futures tick lower as investors review the trade deal framework between the U.S. and China and await key inflation data. Here's what investors need to know today.
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Investor's Business Daily on MSNDow Jones Futures: Tesla Robotaxi Buzz Masks Growth Stock Weakness; CPI Inflation Data DueThe major indexes rose Tuesday, as Tesla and Google masked growth weakness. The CPI inflation report is on tap.
The Dow Jones Industrial Average (DJIA) is still trading into the high end of recent congestion on Tuesday. Market momentum remains limited overall as traders brace for a one-two punch of trade headlines and key post-tariff Consumer Price Index (CPI) inflation data due on Wednesday.
Inflation dodged the tariff bullet again. The May Consumer Price Index rose +0.1% M/, less than the +0.2% consensus and the 0.2% increase in April.
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Investor's Business Daily on MSNDow Jones Futures: Stocks Fade Amid China Trade Deal, Shopify Breaks Out; Oracle Jumps LateThe China trade deal failed to wow, but the stock market is near highs. Shopify leads new buys. Oracle jumped late on earnings.
Producers of metals and other raw materials rose after muted wholesale inflation data and a continued slide in the U.S. dollar. Wholesale prices rose 0.1% in May from April, a less pronounced gain than economists had forecast. The data weighed on the dollar, which has already lost 10% of its value against a basket of rivals in the last 12 months.
US stock futures slipped after the Trump administration’s trade talks with China ended with thinly detailed outcomes.
The consumer price index, a broad-based measure of goods and services across the sprawling U.S. economy, increased 0.1% for the month, putting the annual inflation rate at 2.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 2.4%.
U.S. stock index futures edged lower Sunday evening as investors braced for a busy week, with renewed U.S.-China trade negotiations and key inflation data in focus. Heightened civil unrest in Los Angeles also weighed