Stock market today: Dow, S&P 500, Nasdaq futures stall as key inflation report looms
US stock futures held steady as investors
await the release of January’s inflation report
for insights into the Federal Reserve’s interest rate plans amid President Donald Trump’s fast-moving economic policy.
Nasdaq futures (
NQ=F
) crept up 0.2%, while S&P 500 futures (
ES=F
) and Dow Jones futures (
YM=F
) remained flat.
The January CPI report is set to be released on Wednesday at 8:30 a.m. ET. Consumer prices are expected to have risen 0.3% over the prior month, a slight deceleration from the 0.4% increase in December. Prices, excluding food and gas, are expected to have climbed 3.1% year-over-year.
On Tuesday,
Federal Reserve Chair Jerome Powell addressed Congress
and reiterated the central bank’s cautious stance on cutting interest rates amid stubborn inflation and policy uncertainties under Trump.
Reddit (
RDDT
) is set to announce earnings after-close Wednesday and
Wall Street’s expectations for the social media company are sky-high
. Investors are also anticipating Robinhood (
HOOD
) earnings as the company’s stock recently touched a 3-year high.
As tariffs have jostled markets, a report found that
trust in Trump’s handling of the economy has been shaken
.
Reciprocal tariffs are expected to be announced on many countries
by Friday of this week.
LIVE
2 updates
