Stock futures rise slightly as investors prepare for Fed’s preferred inflation gauge: Live updates

Stock futures rise slightly as investors prepare for Fed’s preferred inflation gauge: Live updates


Traders work on the floor of the New York Stock Exchange (NYSE) as a picture of Vice President Kamala Harris is displayed on a television screen on July 22, 2024 in New York City. 

Spencer Platt | Getty Images

Stock futures rose modestly on Thursday evening as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve’s preferred inflation gauge.

Futures tied to the Dow Jones Industrial Average advanced 42 points, or just over 0.1%. S&P 500 futures and Nasdaq 100 futures climbed about 0.1% each.

In after-hours trading, medical device maker Dexcom plunged 39% after releasing disappointing fiscal full-year guidance. Footwear company Deckers reported fiscal first-quarter earnings and revenue that exceeded analysts’ expectations, boosting shares by roughly 9.8%.

Stocks are poised to end the week with declines, as investors on Thursday added to the previous session’s steep losses by dumping some megacap tech and artificial intelligence-tied stocks. The activity seemed to be part of a broader rotation into small caps and more cyclical areas of the market.

The S&P 500 and tech-heavy Nasdaq Composite slid by about 0.5% and 0.9%, respectively, on Thursday. The 30-stock Dow bucked the trend and added roughly 81 points, or just 0.2%.

“Volatility came back with a vengeance this week as selling pressure in the megacap space dragged down the broader market,” LPL Financial chief technical strategist Adam Turnquist said in a note to clients, adding that overbought conditions have also contributed to the recent weakness. Counterbalancing weakness in these heavyweight names poses a challenge for the rest of the market.”

The broad-market index is down 1.9% this week, while the Nasdaq has lost nearly 3.1%. The Dow is down roughly 0.9% week to date.

On Friday at 8:30 a.m. ET, traders will watch for the June reading of the personal consumption expenditures report, an inflation reading that’s preferred by central bank policymakers. On a monthly basis, headline PCE is expected to have grown by 0.1% and by 2.5% from 12 months earlier, according to economists polled by Dow Jones. The final Michigan sentiment survey will be released at 10 a.m.

On the earnings front, Bristol Myers Squibb, Colgate-Palmolive and 3M are slated to post quarterly results.



Source

Global week ahead: Bull markets, bubbles and ‘Swiftonomics’
World

Global week ahead: Bull markets, bubbles and ‘Swiftonomics’

Siegfried Layda | Getty Images “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness,” Charles Dickens famously wrote. That aptly captures the dislocation between political events and market action as we go into the next week. The U.S. government shutdown […]

Read More
Netanyahu hopes to announce the release of all hostages from Gaza ‘in the coming days’
World

Netanyahu hopes to announce the release of all hostages from Gaza ‘in the coming days’

Israeli Prime Minister Benjamin Netanyahu speaks during a joint press conference with U.S. President Donald Trump (not pictured) in the State Dining Room at the White House in Washington, D.C., U.S., Sept. 29, 2025. Jonathan Ernst | Reuters Israeli Prime Minister Benjamin Netanyahu said he hopes to announce the release of all hostages from Gaza […]

Read More
The bubble in people searching for ‘AI bubble’ has burst — what that means for the stocks
World

The bubble in people searching for ‘AI bubble’ has burst — what that means for the stocks

Retail investors’ fear of an “AI bubble” appears to have fallen off after spiking this summer. It could mean the stocks have further to balloon before they ultimately top out. The number of U.S. and worldwide web searches for the term “AI bubble” peaked on Aug. 20 and Aug. 21, respectively, according to Google Trends […]

Read More