SPY - Nasdaq S&P 500 Futures On Edge As Traders Gear Up For PPI Data Powell's Speech: Why This Analyst Remains Hopeful Despite Market Losing Some Momentum | Benzinga
The market mood appears to be fidgety as traders eye the week’s twin inflation reports and other market-moving economic events. The producer price inflation report due ahead of the market opening could give a decisive direction when stocks open for trading. Traders may also look forward to rate commentary from the speeches by a couple of Federal Reserve officials, including Chairman Jerome Powell.
Home Depot, Inc. (NYSE:HD) kicked off the retail reporting season on a lackluster note, with revenue coming in shy of estimates, while earnings per share were in line. The company also suggested continued softness in larger consumer discretionary projects.
Futures Performance (+/-)
Nasdaq 100 +0.07%
S&P 500 +0.02%
Dow +0.03%
R2K +0.15%
In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) ticked up 0.02% to $521.04, while the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.03% to $443.20 according to Benzinga Pro data.
Cues From The Last Session
U.S. stocks ended Monday’s session on a mixed note as wary traders bid their time ahead of the inflation data. The fall in bond yields helped to mitigate some ...