Stock futures fluctuated on Tuesday due to inflation data release. S&P 500 and Nasdaq 100 futures increased slightly, while Dow Jones Industrial Average decreased.
Tuesday morning's stock futures saw minimal movement as traders anticipated the release of new inflation data. Futures linked to the S&P 500 saw a slight increase. Futures on the Nasdaq 100 increased by 0.21%, while those on the Dow Jones Industrial Average decreased by 7 points, or 0.02%. With the 30-stock Dow down 0.03% and the S&P 500 concluding with a slight decrease of 0.04%, stocks on Monday closed trading close to the flatline. The Nasdaq Composite managed to gain just 0.03%.
As investors awaited Wednesday's consumer price index report for further information on how the Federal Reserve's rate policy has been effecting inflation, the 10-year Treasury yield rose above 4.4% during the session. According to a Dow Jones survey of economists, inflation climbed by 0.3% in March. Amoroso went on to say that a better growth forecast, supported by better-than-expected job data on Friday, is what has caused bond yields to climb. She did, however, issue a warning that a sustained increase in the 10-year yield would indicate that the market as a whole should be concerned.
The National Federation of Independent Companies will release the findings of its small company survey on Tuesday, along with some economic data. Wednesday will also see the release of the CPI and the minutes from the Federal Reserve's March meeting.
