Dow, S&P 500, Nasdaq futures stall as key inflation report looms

US inventory futures held regular as buyers await the discharge of January’s inflation report for insights into the Federal Reserve’s rate of interest plans amid President Donald Trump’s fast-moving financial coverage.

Nasdaq futures (NQ=F) crept up 0.2%, whereas S&P 500 futures (ES=F) and Dow Jones futures (YM=F) remained flat.

The January CPI report is ready to be launched on Wednesday at 8:30 a.m. ET. Client costs are anticipated to have risen 0.3% over the prior month, a slight deceleration from the 0.4% enhance in December. Costs, excluding meals and fuel, are anticipated to have climbed 3.1% year-over-year.

On Tuesday, Federal Reserve Chair Jerome Powell addressed Congress and reiterated the central financial institution’s cautious stance on reducing rates of interest amid cussed inflation and coverage uncertainties underneath Trump.

Reddit (RDDT) is ready to announce earnings after-close Wednesday and Wall Road’s expectations for the social media firm are sky-high. Buyers are additionally awaiting Robinhood (HOOD) earnings as the corporate’s inventory just lately touched a 3-year excessive.

As tariffs have jostled markets, a report discovered that belief in Trump’s dealing with of the financial system has been shaken. Reciprocal tariffs are anticipated to be introduced on many international locations by Friday this week.