US stock futures extend gains ahead of wholesale inflation data and earnings

Macro
โดย Dow Jones·Read original
Summary · why it matters

US stock futures edged higher as investors awaited the Producer Price Index and another wave of second quarter earnings. Futures on the Dow Jones Industrial Average and the S&P 500 gained 0.2%, while Nasdaq-100 futures added 0.5%. The focus turns to Wednesday's release of the Producer Price Index after the latest Consumer Price Index data showed the largest single-month decline in inflation since April 2020, reshaping the Fed interest rate hike debate. Markets will also get signals from Fed Chairman Kevin Warsh's testimony before the Senate Banking Committee and the Fed's Beige Book. Earnings season continues with reports from Morgan Stanley, BlackRock, ASML Holding, Johnson & Johnson, and United Airlines Holdings.

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