US stock futures were little changed on Monday as investors looked for new reasons to push the market higher. All eyes this week are on the personal consumption expenditures price index, as the Fed’s preferred measure of inflation.
- Last week, the Dow advanced 1.05%.
- Last week, the S&P 500 gained 1.22% and the Nasdaq Composite jumped 2.21%, with all three indexes setting fresh record highs.
The Dow’s slight rise last week and the anticipation of inflation data suggest a cautious but optimistic outlook. The market’s recent gains, coupled with the focus on inflation, highlight the delicate balance between economic growth and potential monetary policy adjustments.