Stocks Mixed as Investors Eye Key Inflation Data
U.S. stock futures were mixed Tuesday as investors focused on upcoming inflation reports that could guide the Fed's rate path. S&P 500, Nasdaq futures edged higher, while Dow futures slipped on Home Depot's reduced sales outlook.
July producer prices expected +0.2% monthly, with consumer prices also seen rising after June's dip.
The data may provide direction after last week's market choppiness. Though oversold, no "true flush" yet, according to one analyst.
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In March 2022, the Federal Reserve raised interest rates for the first time in five years.