U.S. stock futures slipped Thursday evening as the market braced for a key inflation report due tomorrow morning. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average DJIA -0.09% ▼ , and the S&P 500 Index (SPX) were down 0.3%, 0.52%, and 0.35%, respectively, at 6:42 p.m. EST on February 26.
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The pressure came after the S&P 500 fell 0.5% and the Nasdaq dropped 1.2% during Thursday’s regular trading session, while the Dow managed a small gain. Nvidia stock NVDA -5.46% ▼ was the biggest surprise of the day, sliding 5.5% despite strong quarterly results.
All eyes now turn to January’s Producer Price Index (PPI), a key measure of wholesale inflation. Economists expect both headline and core PPI to rise 0.3%. The report could influence expectations for the Federal Reserve’s next steps.
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U.S. Stock Futures Dip ahead of Key Inflation Report
U.S. stock futures slipped Thursday evening as the market braced for a key inflation report due tomorrow morning. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average DJIA -0.09% ▼ , and the S&P 500 Index (SPX) were down 0.3%, 0.52%, and 0.35%, respectively, at 6:42 p.m. EST on February 26.
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Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
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The pressure came after the S&P 500 fell 0.5% and the Nasdaq dropped 1.2% during Thursday’s regular trading session, while the Dow managed a small gain. Nvidia stock NVDA -5.46% ▼ was the biggest surprise of the day, sliding 5.5% despite strong quarterly results.
All eyes now turn to January’s Producer Price Index (PPI), a key measure of wholesale inflation. Economists expect both headline and core PPI to rise 0.3%. The report could influence expectations for the Federal Reserve’s next steps.
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