S&P 500 Futures Hold Steady as Investors Anticipate Inflation Data and Close of Second Quarter: Updates

Money | June 27, 2024, 7:44 p.m.

Traders on the New York Stock Exchange are eagerly awaiting inflation data for clues on the future direction of the market. S&P 500 futures are holding steady after a strong first half of the year, with Nasdaq 100 futures showing some gains while Dow Jones Industrial Average futures slipped slightly. In after-hours trading, Nike shares tumbled after cutting its guidance, while Foot Locker shares also declined. Market participants are focused on the release of the PCE price index, a key inflation gauge that could impact Fed interest rate decisions. As the first six months of 2024 come to a close, traders are keeping a close eye on spending, personal income, and consumer sentiment data for potential market-moving catalysts. This data could inform decisions on interest rates and set the tone for the second half of the year.