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Stock futures are little changed as Wall Street awaits Fed's preferred inflation reading: Live updates

The article from NBC New York discusses the current state of the U.S. stock market as investors await the release of the Federal Reserve's preferred inflation gauge, the personal consumption expenditures (PCE) price index. Stock futures showed little movement, with Dow Jones Industrial Average futures slightly up by 15 points, while S&P 500 and Nasdaq-100 futures remained nearly unchanged. This anticipation comes after a week where major indexes like the Dow, S&P 500, and Nasdaq all experienced declines. The market's focus is on the PCE data, which could influence the Federal Reserve's future interest rate decisions. Additionally, the article touches on other economic indicators like consumer spending, income, and the recent performance of tech stocks, particularly mentioning a significant drop in Nvidia's stock value. The overall sentiment reflects caution among investors as they look for signs of inflation trends that could dictate monetary policy.

Read the Full NBC New York Article at [ https://www.nbcnewyork.com/news/business/money-report/stock-futures-are-little-changed-as-wall-street-awaits-feds-preferred-inflation-reading-live-updates/6020641/ ]