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Futures Slip Pre-Bell as Traders Await Latest Inflation Data; Asia Falls, Europe Strong
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Futures Slip Pre-Bell as Traders Await Latest Inflation Data; Asia Falls, Europe Strong
Jul 8, 2024 4:40 AM

07:17 AM EDT, 07/08/2024 (MT Newswires) -- The benchmark US stock measures were marginally lower before Monday's opening bell as investors prepare for key inflation data later in the week.

Standard & Poor's 500, the Nasdaq and the Dow Jones Industrial Average were all slightly in the red in the premarket. Asian exchanges were pointing lower, while European bourses were trending upwards midday on the continent.

Traders await the consumer price index for June on Thursday followed by the producer price index on Friday. Monday's thin economic calendar has Federal Reserve's consumer credit bulletin for May at 3 pm ET.

Paramount Global's ( PARAA ) shares increased 2.5% pre-bell after the media and entertainment giant agreed to merge with production company Skydance Media to form a new entity. Boeing ( BA ) ticked 0.5% higher after the plane maker and the US government reached an agreement in principle to resolve fatal 737 Max crashes investigation.

Greenbrier (GBX) is scheduled to release its latest financial statements before the bell.

Before the open, bitcoin declined 0.5% to $57,808, West Texas Intermediate crude oil decreased 1% to $82.32 a barrel, yields on 10-year Treasuries advanced 2.6 basis points to 4.30% and gold retreated 0.7% to $2,380 an ounce.

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