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US stocks as key measure of inflation eases; bank kick off earnings season


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  S&P 500 Futures rose 0.1% to 5,886.25 points, while Nasdaq 100 Futures rose 0.1% to 20,949.50 points by 18:38 ET (23:38 GMT). Dow Jones Futures rose 0.1% to 42,792.0 points.

U.S. stock futures edged higher on Monday as investors anticipated the release of the consumer price index (CPI) data for February, which could influence the Federal Reserve's interest rate decisions. The market was also looking forward to a new batch of corporate earnings, with companies like Oracle, Adobe, and Dollar General set to report. The S&P 500 and Nasdaq had recently hit record highs, driven by strong performances from tech giants like Nvidia, which saw its stock surge after announcing a significant stock buyback and a 265% increase in quarterly profit. However, concerns about inflation and potential rate hikes loomed, with the upcoming CPI expected to show a slight decrease in the annual inflation rate to 3.1% from 3.4%. Additionally, geopolitical tensions and economic indicators from China, including a drop in consumer prices, were also on investors' radar.

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[ https://ph.investing.com/news/stock-market-news/us-stock-futures-drift-higher-with-cpi-data-earnings-on-tap-1615900 ]

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