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Stock Futures Edge Down Pre-Bell Ahead of Key Inflation Data; Asia, Europe Strong
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Stock Futures Edge Down Pre-Bell Ahead of Key Inflation Data; Asia, Europe Strong
Apr 8, 2024 4:27 AM

07:07 AM EDT, 04/08/2024 (MT Newswires) -- The benchmark US stock measures were pointing moderately lower before Monday's opening bell, as investors look ahead to the release of key inflation data later in the week.

Standard & Poor's 500 futures edged down 0.1% in premarket activity, while the Dow Jones Industrial Average and the Nasdaq were slightly in the red. Asian and European exchanges were trending upwards.

With no economic reports scheduled for Monday's calendar, traders await last month's consumer price index on Wednesday and the producer price index on Thursday. Minutes of the Federal Reserve's policy meeting in March will be released on Wednesday.

Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to speak at 7 pm ET.

Banking and financial heavyweights JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK) and Citigroup (C) are set to report results for the first quarter of 2024 on Friday.

Tesla (TSLA) shares advanced 2.7% pre-bell after Chief Executive Elon Musk reportedly said the electric vehicle maker will unveil its robotaxi in August. Boeing (BA) slipped nearly 1% after the Federal Aviation Administration launched an investigation into an issue with a 737-800 jet operated by Southwest Airlines (LUV).

Before the open, bitcoin jumped 4.4% to $72,309, West Texas Intermediate crude declined 0.7% to $86.30 a barrel, yields on 10-year Treasuries gained 6.6 basis points to 4.44% and gold inclined 0.7% to $2,361 an ounce.

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