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US Stock Futures Dip as Focus Shifts to Economic Data

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U.S. stock index futures edged lower Monday as investors awaited economic data later this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated.

United States News, United States Headlines

The benchmark S&P 500 and the blue-chip Dow closed at near eight-week highs on Friday, while the tech-heavy Nasdaq Composite hit a two-month peak as megacap stocks rallied on the back of easing Treasury yields.

Inflation data on Tuesday is expected to show headline consumer prices eased to 3.3% in October from 3.7% in September. However, core rates are seen unchanged from the previous month. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak.

At 6:06 a.m. ET, Dow e-minis were down 6 points, or 0.02%, S&P 500 e-minis were down 7.75 points, or 0.17%, and Nasdaq 100 e-minis were down 34.75 points, or 0.22%.

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