financetom
Market
financetom
/
Market
/
US STOCKS-Futures dip in run up to inflation data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US STOCKS-Futures dip in run up to inflation data
Mar 11, 2024 2:43 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures off: Dow 0.35%, S&P 0.20%, Nasdaq 0.19%

March 11 (Reuters) - U.S. stock index futures slipped on

Monday, as investors awaited key inflation figures this week

that could provide cues on the Federal Reserve's monetary policy

path, after a mixed jobs data reinforced expectations that it

will begin easing by mid-year.

Wall Street ended the week lower on Friday as high-flying

chip stocks fell from all-time highs and a labor market report

showed more new jobs than expected while the unemployment rate

also unexpectedly rose.

The mixed report bolstered bets of a Fed interest rate cut

in June. Some traders even bet on a May rate cut after Friday's

data.

This week's February data including consumer prices (CPI)

will offer more cues on whether inflation has eased enough for

policymakers to lower borrowing costs in coming months.

Sticky inflation data for January and signs of a robust

economy halted the AI-led rally last month and led traders to

push back bets of the first interest rate cut to June from

March.

At 05:00 a.m. ET, Dow e-minis were down 135 points,

or 0.35%, S&P 500 e-minis were down 10.25 points, or

0.2%, and Nasdaq 100 e-minis were down 33.5 points, or

0.19%.

Nvidia rose 1.2% in premarket trading, following a more than

5% drop on Friday as chip stocks lost some momentum.

Other chip stocks including Qualcomm ( QCOM ) and Broadcom ( AVGO )

were down 0.5% and 0.8%, respectively.

Boeing ( BA ) eased 0.8% after a report that U.S. Justice

Department has opened a criminal investigation into the

planemaker's 737 MAX blowout on an Alaska Airlines flight.

LATAM Airlines flight LA800, a Boeing 787-9 Dreamliner, told

the New Zealand Herald that a "technical problem" had caused a

"strong movement" during a flight from Sydney to Auckland,

hurting at least 50 people.

Cryptocurrency and blockchain-related firms including

Coinbase Global ( COIN ), Riot Platforms ( RIOT ) and Marathon

Digital ( MARA ) climbed between 4.5% and 5.6% as bitcoin

hit a fresh record high.

Eli Lilly ( LLY ) fell 1.7%, after shedding 2.3% in the

previous session.

The 2024 U.S. presidential election is also coming into

focus, with investors bracing for a likely rematch between

former president Donald Trump and incumbent president Joe Biden.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ark Invest Buys the Slide, Adds Almost $40M of Crypto Stocks, as Market Drops
Ark Invest Buys the Slide, Adds Almost $40M of Crypto Stocks, as Market Drops
Nov 20, 2025
Ark Invest added $39.6 million to its holdings of three crypto company shares on Wednesday as the broader crypto market dropped. Cathie Wood's investment management firm added 463,598 shares of crypto exchange Bullish (BLSH), worth $16.9 million at the close of trading, according to an emailed disclosure. It also bought 216,019 shares of stablecoin issuer Circle Internet Group ( CRCL...
EMERGING MARKETS-Stocks rise as Nvidia calms AI bubble fears; efforts to end Ukraine war eyed
EMERGING MARKETS-Stocks rise as Nvidia calms AI bubble fears; efforts to end Ukraine war eyed
Nov 20, 2025
* Nvidia's ( NVDA ) strong earnings boost EM stocks, calm tech sector worries * US efforts to end war in Ukraine monitored by investors * South Africa's interest rate decision and G20 summit in focus * Earnings in full swing in emerging Europe By Johann M Cherian Nov 20 (Reuters) - Emerging market stocks rose on Thursday as part...
Vizsla Silver Prices $250 Million Convertible Notes Offering; Shares Down Pre-Bell
Vizsla Silver Prices $250 Million Convertible Notes Offering; Shares Down Pre-Bell
Nov 20, 2025
05:49 AM EST, 11/20/2025 (MT Newswires) -- Vizsla Silver ( VZLA ) said Thursday it priced a $250 million offering of convertible senior unsecured notes due 2031, for about $239.4 million in expected net proceeds. Initial purchasers have a 13-day overallotment option to buy up to an additional $50 million of the notes. The company expects the offering to close...
Nvidia, Palo Alto, Coreweave, Broadcom And AMD: Why These 5 Stocks Are On Investors' Radars Today
Nvidia, Palo Alto, Coreweave, Broadcom And AMD: Why These 5 Stocks Are On Investors' Radars Today
Nov 19, 2025
U.S. stocks advanced on Wednesday as Nvidia's ( NVDA ) results reignited enthusiasm for AI plays. The Nasdaq climbed 0.59% to 22,564.22, the S&P 500 added 0.38% to 6,642.16, and the Dow Jones Industrial Average inched up 0.1% to 46,138.77. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corporation (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved