(For a Reuters live blog on U.S., UK and European stock
markets, click or type LIVE/ in a news window.)
*
Futures: Dow down 0.04%, S&P 500 off 0.03%, Nasdaq up
0.01%
Dec 10 (Reuters) - U.S. stock index futures were subdued
on Tuesday as investors refrained from placing big bets ahead of
a crucial inflation report this week that could influence the
Federal Reserve at its monetary policy meeting this month.
A November reading of the consumer price index (CPI), due on
Wednesday, is among the last major datasets ahead of the Fed's
Dec. 17-18 meeting. The report is expected to show a slight
increase in inflation last month.
Trader bets on the Fed delivering another 25 basis point
interest rate cut next week stand at over 86%, according to
CME's FedWatch. Bets had jumped after Friday's employment report
that showed a surge in job growth but also marked an uptick in
unemployment.
The central bank is expected to pause cuts in January, after
a host of officials last week hinted at a slower pace of
monetary policy easing on the back of a resilient economy.
At 5:28 a.m. ET, Dow E-minis were down 19 points,
or 0.04%, S&P 500 E-minis were down 2 points, or 0.03%
and Nasdaq 100 E-minis were up 1.5 points, or 0.01%.
Wall Street's main indexes closed lower on Monday, pressured
by technology stocks whose declines were led by Nvidia ( NVDA )
after the Chinese market regulator launched an antitrust probe
into the AI chip giant. Its shares were down 0.9% in premarket
trading on Tuesday.
U.S. equities started their year-end journey on a broadly
positive note, with the benchmark S&P 500 and the
tech-heavy Nasdaq logging gains in their first week,
building upon a stellar November after Donald Trump's win in the
presidential election.
The president-elect's potential policies on tax cuts and
looser regulation in the incoming administration are expected to
boost corporate performance.
Among premarket movers, Oracle dipped 8.4% after
the cloud computing company missed Wall Street estimates for
second-quarter results and forecast its third-quarter profit
below estimates.
C3. ai climbed 8.6% after the AI software maker
raised its forecast for fiscal year 2025 revenue, while software
firm MongoDB ( MDB ) slipped 3.6% despite raising its forecast
for annual results.