U.S. Stock Futures Flat ahead of Key Inflation Data
U.S. stock futures remained mostly unchanged as traders anticipate key inflation data that may impact the Federal Reserve's interest rate decisions. Nasdaq 100, Dow Jones, and S&P 500 futures showed minimal declines. Earlier, the S&P 500 and Nasdaq Composite saw modest gains, while the Dow slightly dipped. Investors await September's consumer spending and income data, the PCE index, and the University of Michigan's consumer sentiment survey.
U.S. stock futures were little changed Thursday evening as traders looked forward to fresh inflation figures that could shape the Federal Reserve's next interest rate decision. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.01%, 0.04%, and 0.04%, respectively, at 6:48 p.m. EST on December 4.
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Earlier in the day, the S&P 500 and the Nasdaq Composite closed modestly higher, while the Dow finished just below break-even. The Nasdaq logged its eighth gain in nine sessions, lifted by a 3.4% jump in Meta (META) and a 2.1% rise in Nvidia (NVDA).
On Friday, investors will watch delayed September data on consumer spending and incomes, along with the personal consumption expenditures (PCE) index, the Fed's preferred inflation gauge. The University of Michigan will also release its December consumer sentiment survey.
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