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Today’s stock market: real-time updates

Broadcast United News Desk
Today’s stock market: real-time updates

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on August 8, 2024.

Spencer Pratt | Getty Images

U.S. stock futures rose early Tuesday as investors awaited key inflation data this week.

Dow Jones Industrial Average futures rose 81 points, or 0.21%, while S&P 500 futures and Nasdaq 100 futures rose 0.22% and 0.36%, respectively.

Routine meetings are A turbulent one The major indexes are struggling with last weekend’s rally. S&P 500 It closed flat, up just 0.23 points. Nasdaq Composite Index Up 0.21%. At the same time, Dow Jones Industrial Average Down 0.36%.

Investors are now turning their attention to two inflation reports due in the next two days, on consumer and producer prices. The data could provide some direction for an uncertain market that was rattled by a disappointing jobs report and the unwinding of yen carry trades last week, which sent investors into a tailspin.

Major averages perform A huge comeback Following Monday’s sharp drop in the S&P 500, late last week Worst day From 2022 onwards.

“The market was slightly oversold last week, but looking at the percentage of stocks trading above their 50-day moving average, we’re not oversold at all, which suggests we’re not seeing a real run-up,” Cameron Dawson, head of investments at NewEdge Wealth, told CNBC. “Closing Bell” on Monday.

The producer price index, a measure of wholesale prices, due to be released on Tuesday, is expected to rise 0.2% month-on-month in July, unchanged from the previous month, according to Dow Jones Indices forecasts.

The consumer price index, due out on Wednesday, is expected to show an increase of 0.2% last month, reversing from a 0.1% drop in the prior month.

Later in the week, the latest jobs report reignites concerns about slowing economic growth, with retail sales data likely to draw attention and keep the consumer under close scrutiny.

On the other hand, the corporate earnings season continues, with major retail leaders set to announce their results one after another. Home DepotIt will be released on Tuesday.

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