The broad market continued to advance as easing pricing pressures have investors optimistic the Federal Reserve can soon start to lower interest rates.
U.S. stock futures were little changed Monday night after the S&P 500 and Nasdaq Composite closed at fresh record highs.
Dow Jones Industrial Average futures rose 13 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures climbed 0.03% and 0.07%, respectively.closed Monday's trading session at all-time highs again, each rising slightly as investors awaited key inflation data and earnings results due out later this week. The broad market index closed up 0.1%, while the tech-heavy Nasdaq gained 0.3%.
Wall Street is bracing for a stacked week of economic data, Fed speakers and earnings results. On Tuesday, Fed Chairis set to start his two-day semiannual monetary policy update to Congress. Investors will parse through his remarks for clues into his stance on inflation and the economy. Key inflation data is due out later this week with the June consumer price index on Thursday, as well as the producer price index on Friday.Dow Jones Industrial Average futures rose 13 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures climbed 0.03% and 0.07%, respectively.
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