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Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 26, 2023 in New York City.
Michael M. Santiago | Getty Images
Stock futures fell on Monday night as investors braced for an important inflation report.
futures tied to Dow Jones Industrial Average Lost 43 points or 0.1%. S&P500 futures Although it fell by 0.1%, Nasdaq 100 futures It fell 0.2%.
shares of avis budget group Shares fell about 2% in after-hours trading after fourth-quarter sales fell short of analysts’ expectations. jet blue airlines Shares soared 16% after activist investor Carl Icahn reported he owns nearly 10% of the company.
30 shares in regular trading Dow It ended with a new record.of S&P500 It ended the day down nearly 0.1%, but the broader market index just finished above 5,000 for the first time on Friday.of Nasdaq Compositee fell 0.3%. All three major average players are on a five-week winning streak.
“If anything, I think the story so far has been about how narrow the market was.” [is] “Small-cap stocks are doing better, and the equal-weight S&P just hit a two-year high,” Chris Bellone, head of technical and macro research at Strategas, said Monday on CNBC’s “Closing Bell: Overtime.” However, [so] I think the idea that just five, six, seven stocks are driving this whole thing is misleading. ”
Investors will now turn to the January Consumer Price Index report for the latest information on price pressures, due out Tuesday morning. Fed officials will be watching the results of this report closely as they consider the future direction of interest rate policy.
Headline inflation is expected to rise 0.2% from last month and 2.9% from a year ago, according to a survey of economists from Dow Jones. Core prices, which exclude volatile food and energy factors, are expected to rise by 0.3% and 3.7% in January from the same month last year, respectively.
Tuesday morning’s results included soft drink giant Coca-Cola, toymaker Hasbro and Marriott International. Casino operator MGM Resorts and kidney dialysis company DaVita will announce results after the deal closes.
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