U.S. stock futures climb, indicating a potential rebound from the previous week's losses on Wall Street, with investors getting ready for significant inflation data later in the week and the final phase of the most recent quarterly earnings reporting period. As the upcoming release of pivotal monthly inflation statistics looms, U.S. stock futures show an upward trajectory today. Investors are casting their gaze toward the impending key inflation metrics set to be unveiled later in the week, while also bracing themselves for another round of corporate earnings updates. The Dow futures contract records a gain of 74 points, reflecting a 0.21% increase.
Similarly, S&P 500 futures exhibit a rise of 15 points, indicating a 0.33% uptick, while Nasdaq 100 futures experience a growth of 69 points or 0.45%. Having concluded the prior trading week on a downtrend, the primary indices on Wall Street saw the benchmark S&P 500 and the technology-focused Nasdaq Composite register their fourth successive days of decline—a stretch not witnessed since May. This sentiment was influenced by data revealing lower-than-expected job expansion figures in July, along with unsatisfactory hardware sales from tech giant Apple (NASDAQ: AAPL). A prominent item on this week's economic agenda is the U.S. consumer price index for July, potentially providing traders with deeper insights into the potential future trajectory of Federal Reserve policies. Nonetheless, policymakers have indicated their willingness to implement further rate hikes should inflation demonstrate renewed upward movement.
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