November 26, 2022

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Stock futures rose on Tuesday ahead of another US inflation report

Stock futures rose on Tuesday ahead of another US inflation report

Stock futures rose on Tuesday as traders looked forward to the release of more key inflation data in the United States.

Futures linked to the Dow Jones Industrial Average rose 137 points, or 0.4%. S&P 500 and Nasdaq-100 futures rose 0.7% and 1.2%, respectively.

The Producer Price Index, which measures wholesale inflation, is due for release at 8:30 a.m. ET. The report comes after the latest CPI data showed signs of easing inflationary pressure last month, which triggered a sharp rally to end last week’s trading.

“After last week’s CPI spurred a sharp rally in stocks and a reversal in the dollar, an important theme for markets this week will be the Fed’s reaction,” Huw Roberts, head of analytics at Quant Insight, wrote in a note Monday.

Federal Reserve Governors Christopher Waller and Lyle Brainard spoke on Sunday and Monday, respectively, about the likely future course of monetary policy. Waller said the market was overly optimistic and should prepare for higher rates, while Brainard said the central bank could moderate interest rate increases.

Philadelphia Fed President Patrick Harker, Fed Governor Lisa Cook, and Fed Vice Chair for Supervision Michael Barr are scheduled to speak on Tuesday.

in another place, Taiwan Semiconductor, Louisiana and the Pacific And the Basic Jump after regulatory filings show that Warren Buffett’s Berkshire Hathaway It bought new positions in the first two, and raised its stake in the last two.

Earnings season continues this week with retail reports on board. Walmart and Home Depot release results on Wednesday while Target, Lowe’s, Bath and Body Works, Macy’s, Kohl’s, and Foot Locker report later in the week.

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