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Futures: Dow up 0.19%, S&P 500 flat, Nasdaq down 0.14%

June 24 (Reuters) - U.S. index futures were mixed at the

start of a week marked with a crucial inflation print and other

economic data that are poised to shed further light on the

monetary policy outlook, with the first U.S. presidential debate

also on the watch list.

The biggest event on investors' radar for the week is

Friday's personal consumption expenditures (PCE) price index

report- the Federal Reserve's preferred measure of inflation,

expected to show moderation in price pressures.

Market participants are still expecting about two rate cuts

this year, with the odds of a 25-basis-point cut in September

standing at 60.4%, as per LSEG's FedWatch. This comes against

the backdrop of investors weighing the moderation in recent

inflation data against the Fed's latest projection of one rate

cut likely in December.

The S&P 500 posted its third straight weekly gain and the

blue-chip Dow recorded its strongest weekly performance

in six in the previous week, which saw simultaneous expiration

of stock and index derivative contracts, quarterly S&P 500

rebalancing, mixed economic data and Nvidia ( NVDA ) briefly becoming the

world's most valuable firm.

AI chip leader Nvidia ( NVDA ) slipped 1.8% premarket

following a near 7% slide over the past two sessions, while

other semiconductor stocks like U.S.-listed shares of Taiwan

Semiconductor Manufacturing and Arm Holdings

also shed 1.6% and 2.2%, respectively.

The other events lined up for the week include durable

goods, weekly jobless claims and final first-quarter GDP

figures, along with some quarterly earnings from the likes of

FedEx ( FDX ), Carnival Corp ( CCL ), Micron Technology ( MU )

and Walgreens Boots Alliance ( WBA ).

On the political front, President Joe Biden will debate

rival Donald Trump in Atlanta on Thursday, with both

neck-and-neck in national opinion polls, as a considerable slice

of the electorate remains undecided over four months before the

Nov. 5 vote.

At 5:47 a.m. ET, Dow e-minis were up 77 points, or

0.19%, S&P 500 e-minis were up 1 points, or 0.02%, and

Nasdaq 100 e-minis were down 28 points, or 0.14%.

Among major premarket movers, Under Armour ( UAA ) dropped

3.1% after the sports apparel maker agreed to pay $434 million

to settle a 2017 class action lawsuit accusing it of defrauding

shareholders about its revenue growth in order to meet Wall

Street forecasts.

Respiratory device maker ResMed ( RMD ) slumped 12.5% after

Eli Lilly ( LLY ) said its popular weight-loss drug Zepbound

helped resolve moderate-to-severe obstructive sleep apnea in up

to 52% of patients in two late-stage trials.

Affirm Holdings ( AFRM ) rose 4.4% after Goldman Sachs

assumed coverage of the buy now, pay later firm with a "buy"

rating.