U.S. stock futures were little changed Monday evening after the major indexes snapped a three-day losing streak.
S&P 500 futures were little changed. Nasdaq 100 futures edged down 0.02%, while Dow Jones Industrial Average futures edged down 0.01%.
Investors are experiencing positive gains in the major stock indexes. On Monday, the Dow Jones Industrial Average rose 209.52 points, or 0.62%, while the S&P 500 rose 0.24%. The Nasdaq Composite lagged behind, gaining just 0.18%.
The June consumer price index report, due Wednesday before the open, and the June producer price index report, due on Thursday, will shed light on whether inflation continues to decline and set the backdrop for the direction of interest rates going forward. Investors expect the Fed to raise interest rates by another 25 basis points at its July 25-26 meeting, but have yet to decide what the central bank will do at its September meeting as last week’s persistently strong jobs data raised concerns over policy. Setters will be suspended in June.
“Agreed or disagreed, the pause is to gather more information,” Dan Greenhaus of Solus Alternative Asset Management said Monday on CNBC’s “Closing Bell.” He added, “ One or two more hikes is not nearly as important as they eventually start cutting rates on the other side. I think that’s a lot more important for the risk situation than one or two more hikes.” More hiking. “
On the economic front, the NFIB Small Business Index for June, which measures business sentiment, is due to be released before the bell on Tuesday. Economists polled by Dow Jones expected the index to come in at 90.0, up slightly from 89.4 in May.
The second-quarter earnings season kicks off later this week,”Systemically Important Financial Institutions” For example JPMorgan, FuGuo bank and Citigroupplus black stone, Pepsi and Delta Airlines.dow constituents joint health reported Friday.