🚨 U.S. Stock Futures Stay Calm as Markets Brace for July CPI — Inflation Data Could Set the Next Direction
U.S. stock futures were nearly flat Tuesday night as investors remained cautious ahead of the highly anticipated July CPI report. The inflation data is due Wednesday at 8:30 a.m. ET and could become the biggest short-term catalyst for stocks, bonds, and broader risk markets.
Economists expect headline CPI to rise 0.1% month-over-month, while core inflation is projected at 0.2%. Dow futures were up just 16 points, while S&P 500 and Nasdaq 100 futures gained 0.07% and 0.1%, showing that traders are largely staying on the sidelines before the release.
Individual stocks, however, showed stronger movement. Super Micro Computer jumped more than 6% after issuing upbeat first-quarter guidance, while CoreWeave surged 14% following better-than-expected operating margin results.
Attention will quickly shift to Thursday’s PPI report after CPI, adding another major inflation test for markets.
Bond yields also remain important, with the 10-year Treasury near 4.7% and the 2-year around 4.2%. A softer CPI print could support rate-cut expectations and risk assets, while hotter inflation may pressure equities and push yields higher.
For now, markets are calm — but that could change quickly once the CPI numbers hit.
U.S. stock futures were nearly flat Tuesday night as investors remained cautious ahead of the highly anticipated July CPI report. The inflation data is due Wednesday at 8:30 a.m. ET and could become the biggest short-term catalyst for stocks, bonds, and broader risk markets.
Economists expect headline CPI to rise 0.1% month-over-month, while core inflation is projected at 0.2%. Dow futures were up just 16 points, while S&P 500 and Nasdaq 100 futures gained 0.07% and 0.1%, showing that traders are largely staying on the sidelines before the release.
Individual stocks, however, showed stronger movement. Super Micro Computer jumped more than 6% after issuing upbeat first-quarter guidance, while CoreWeave surged 14% following better-than-expected operating margin results.
Attention will quickly shift to Thursday’s PPI report after CPI, adding another major inflation test for markets.
Bond yields also remain important, with the 10-year Treasury near 4.7% and the 2-year around 4.2%. A softer CPI print could support rate-cut expectations and risk assets, while hotter inflation may pressure equities and push yields higher.
For now, markets are calm — but that could change quickly once the CPI numbers hit.