U.S. Stock Futures Dip After Worst Week for Dow Jones Since October
U.S. stock futures fell slightly Sunday night, following the worst week for the Dow Jones Industrial Average since October. Investors are now turning their attention to upcoming inflation data to gauge the health of the market.
Dow Jones futures dipped 0.05%, while S&P 500 futures and Nasdaq 100 futures also saw declines. Wall Street is coming off a losing week, with the Dow sliding 0.93%, the S&P 500 dipping 0.26%, and the Nasdaq dropping 1.17%.
Market leaders are experiencing profit-taking as concerns over high valuations raise worries of a potential pullback. February jobs data showed mixed signals on potential Federal Reserve interest rate cuts, adding to the uncertainty in the market.
Investors will be closely monitoring inflation progress with the release of consumer and producer price indexes this week. Many believe the Fed will hold off on rate cuts until there are consecutive months of lower inflation.
Additionally, Oracle is set to report earnings on Monday after the market closes, which could potentially sway investor sentiment moving forward. Overall, the market remains cautious as it navigates through economic data and corporate earnings reports in the coming days.
“Infuriatingly humble tv expert. Friendly student. Travel fanatic. Bacon fan. Unable to type with boxing gloves on.”