- February 9, 2024
- Posted by: legaleseblogger
- Category: Related News
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## US Stock Market Sees Positive Futures Amid Inflation Data Revision
US stock futures are trading in the green on Friday, pointing to what could be another record-setting session. The S&P 500 futures have risen roughly 0.2% after Thursday’s record close, putting the benchmark within three points of ending above 5,000 for the first time. Meanwhile, Dow Jones Industrial Average futures are hovering above the flatline, and contracts on the Nasdaq 100 are leading the way higher, up 0.3%.
A stream of well-received quarterly earnings has buoyed stocks in a week thin on economic updates. These earnings have been driving shifts in direction thanks to their importance to the Federal Reserve’s thinking on policy.
Given the importance of economic updates on the Fed’s decision-making, investors will be watching the revisions to the 2023 consumer price index on Friday more closely than usual. This is particularly important after seasonal adjustments last year erased previously measured gains. Fed officials have stressed the need to ensure that price pressures are truly cooling before making any interest rate cuts.
PepsiCo’s results are taking center stage on Friday as the pace of corporate earnings starts to slacken. Shares slipped almost 2% in premarket trading after the soda and snacks giant’s sales missed Wall Street estimates amid price hikes.
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