In anticipation of a pivotal inflation report set for release on Tuesday, US stock futures held near the flatline during Monday night trading.
As of 6:30 am ET (11:30 pm GMT), Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were trading within a narrow range of 0.1%. Investors remain cautious as they await crucial economic indicators.
During extended trading hours, Xp Inc (NASDAQ: XP) experienced a modest 0.3% gain following the release of their earnings per share (EPS) at $1.96, slightly below the expected $2.01, with revenues totaling $4.13 billion compared to the anticipated $3.84 billion.
Azenta Inc (NASDAQ: AZTA) showed strong performance, rising by 4.6% after reporting an EPS of $0.13, surpassing the expected $0.02. Revenues for Azenta Inc came in at $172.36 million, exceeding the projected $163.91 million.
Conversely, Fisker Inc (NYSE: FSR) experienced a 14.1% decline, reporting losses of $0.27 per share, higher than the anticipated losses of $0.22 per share. Revenues for Fisker Inc were reported at $71.8 million, falling short of the expected $143.1 million.
Looking ahead to Tuesday’s trading session, market participants are awaiting the release of the annualized US Consumer Price Index (CPI) data, with expectations set at 3.3%, a slight decrease from the previous month’s 3.7%. Investors will also closely monitor the morning release of small business optimism data and anticipate comments from various Federal Reserve officials throughout the day. The earnings report from Home Depot Inc (NYSE: HD) is anticipated to be a focal point for traders.
Monday marked a mixed start to the week, with the S&P 500 and Nasdaq Composite both closing with slight decreases of approximately 0.1% and 0.2%, respectively. In contrast, the Dow Jones Industrial Average posted a moderate gain of nearly 0.2%.
In the bond markets, United States 10-Year rates stood at 4.645%, reflecting ongoing trends in the fixed-income market. Investors remain vigilant as they navigate potential market shifts in response to the upcoming economic data and corporate earnings reports.
