U.S. stock futures displayed stability during Tuesday’s evening trading session, mirroring a day of mixed performance for major stock indices. Investors remained vigilant as they awaited the forthcoming release of the consumer price index (CPI) data, scheduled for Wednesday’s trading session.
As of 9:35 PM ET (11:35 PM GMT), Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were all trading within a narrow range, with variations of just 0.1%.
In Wednesday’s trading session, market participants will closely scrutinize the CPI data, with market analysts anticipating a 3.6% annualized increase. This projection represents a slight uptick from last month’s reading of 3.2%.
During Tuesday’s trading, the Dow Jones Industrial Average experienced a minor decline of 17.7 points, equivalent to 0.1%, closing at 34,646. The S&P 500 also dipped by 25.6 points, or 0.6%, closing at 4,461.9, while the NASDAQ Composite recorded a loss of 144.3 points, amounting to a 1% decrease, with a closing figure of 13,773.6.
Turning to the bond markets, the yield on United States 10-Year Treasury notes was observed at 4.28%.
Traders and investors continue to navigate through market uncertainty, with all eyes focused on the imminent CPI data release and its potential implications for market trends in the days to come.
