Stock Futures Dip Ahead of PCE Inflation Data

Stock futures indicate a lower open on Wall Street today, as Treasury yields rise following Bank of Japans Governor Uedas rate hike hints. Investors are cautious, moving away from riskier assets. This week, focus on U.S. economic data, including PCE inflation and earnings reports. Last Friday, S and P five hundred, Dow, and Nasdaq one hundred hit two-week highs, with chip and energy stocks performing well. However, Tilrays shares plummeted after announcing a reverse stock split. The September PCE inflation data and other key data points will be closely watched, potentially influencing Federal Reserve rate cut expectations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.