Futures edge lower; economic data, earnings this week - what's moving markets
Investing.com -- U.S. futures point to a lower start on Monday, with traders looking ahead to key economic data releases later in the week and a slate of corporate earnings. Warren Buffett moves to reassure investors over the resilience of Berkshire Hathaway (NYSE:BRKa) and remembers the conglomerate's late vice chairman Charlie Munger. Elsewhere, Ant Group reportedly offers a higher bid than Ken Griffin's market-making firm Citadel Securities for Credit Suisse's Chinese investment banking division.
1. Futures lower
U.S. stock futures edged lower on Monday, as investors eyed the staying power of an artificial intelligence-fueled tech rally and the prospect of delayed Federal Reserve interest rate cuts.
By 03:11 ET (08:11 GMT), the S&P 500 futures contract had shed 8 points or 0.2%, Nasdaq 100 futures had dipped by 43 points or 0.2%, and Dow futures had lost 35 points or 0.1%.
The main averages on Wall Street were mixed on Friday. The benchmark S&P 500 and blue-chip Dow Jones Industrial Average both edged up to fresh record closing highs, buoyed in part by ongoing strength in AI-darling Nvidia (NASDAQ:NVDA). The chip designer's market capitalization briefly crested $2 trillion for the first time in the prior session.
Despite a modest dip in the tech heavy Nasdaq Composite, all three of the indices ended the week higher.
2. U.S. inflation data, more earnings ahead this week
U.S. inflation will likely remain a key focus for markets this week, particularly when January's personal consumption expenditures price data is released on Thursday.
Recent economic figures have pointed to sticky price gains in the world's largest economy, a prospect that has greatly extinguished bets that the Fed will move imminently to bring
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