Posted 3/12/2024, 8:13:00 AM
Stock Futures Edge Up Ahead of February Inflation Data
- U.S. stock futures gain ahead of February CPI inflation data release
- Dow futures up 0.2%, S&P 500 futures up 0.4%, Nasdaq futures up 0.6%
- Economists expect headline inflation to rise 3.1% year-over-year, matching January's elevated rate
- Markets watching for momentum in monthly readings - headline CPI could notch up to 0.4% month-over-month
- 10-year Treasury yield holds steady around 4.100% as markets position for inflation data and Fed rate implications