Market Preview: Traders Anticipate Consumer Inflation Report, Stock Futures Edge Lower - Live Updates

Money | July 11, 2024, 4:04 a.m.

On June 14, 2024, the New York Stock Exchange saw the S&P 500 close above 5,600 for the first time, with the Nasdaq Composite also reaching a record high. The Dow gained over 400 points, reflecting a positive day for the market. In after-hours trading, Costco and WD-40 saw increases following announcements and reports. Stock futures were slightly down the next day after the market's record-breaking day. Investors are now looking ahead to the release of a key inflation report, expected to influence future rate cut decisions. Economists anticipate a slight increase in consumer prices, with core CPI also predicted to rise. Investors are cautious, with concerns that higher inflation could negatively impact the market. Yet, some experts believe tech stocks may benefit from the current inflation trends. Earnings reports from PepsiCo, Delta Air Lines, and Conagra are also eagerly awaited.