Posted 3/13/2024, 9:13:00 AM
Stocks Flat With Eyes on Inflation, Earnings After Tech Rally
- U.S. stock futures were flat to slightly higher following a strong session yesterday led by tech stocks
- Inflation data showed higher-than-expected consumer prices in February, causing uncertainty around the Fed's interest rate outlook
- Major stock movers yesterday included Nvidia, Microsoft, Meta, Oracle, Southwest Airlines on earnings/outlooks
- Asia-Pacific markets mostly declined today on reaction to hot U.S. inflation data and ahead of potential Japan rate hike
- Notable earnings scheduled for today Dollar Tree, Petco, ZIM Integrated Shipping, Lennar, SentinelOne, UiPath