Dow futures steady ahead of crucial inflation report
Investing.com — US stock futures hovered near the flatline on Monday night in anticipation of a significant inflation report scheduled for release on Tuesday.
By 6:30 am ET (11:30 pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures were trading within a range of 0.1%.
In extended deals, Xp Inc (NASDAQ:XP) added 0.3% after the company reported EPS of $1.96 versus $2.01 expected on revenues of $4.13 billion versus $3.84 billion expected
Azenta Inc (NASDAQ:AZTA) added 4.6% after the company reported EPS of $0.13 versus $0.02 expected on revenues of $172.36 million versus $163.91 million expected.
Fisker Inc (NYSE:FSR) shed 14.1%, reporting losses of $0.27 per share versus expected losses of $0.22 per share, while revenues were reported at $71.8 million versus $143.1 million expected.
Ahead in Tuesday's trade, market participants are expecting the annualized US CPI data to come in at 3.3% versus 3.7% in the previous month. Traders will also be monitoring small business optimism data released in the morning and comments from several Federal Reserve officials throughout the day. Additionally, the earnings report from Home Depot Inc (NYSE:HD) will be a notable focus for traders.
Monday saw a varied start to the week, with the S&P 500 and Nasdaq Composite both closing with slight decreases of about 0.1% and 0.2%, respectively. In contrast, the Dow Jones Industrial Average posted a moderate gain of nearly 0.2%.
On the bond markets, United States 10-Year rates were at 4.645%.
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