{"id":109810,"date":"2024-12-23T16:55:54","date_gmt":"2024-12-23T12:55:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109810"},"modified":"2024-12-23T16:55:58","modified_gmt":"2024-12-23T12:55:58","slug":"u-s-futures-edge-higher-amid-softer-inflation-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-futures-edge-higher-amid-softer-inflation-data\/12\/23\/market-updates\/","title":{"rendered":"U.S. Futures Edge Higher Amid Softer Inflation Data"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>U.S. stock index futures advanced slightly on Monday as Wall Street reacted to signs of easing inflation, kicking off a shortened trading week ahead of the Christmas holiday.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dow Jones Futures<\/strong>: +5 points (+0.1%)<\/li>\n\n\n\n<li><strong>S&amp;P 500 Futures<\/strong>: +10 points (+0.2%)<\/li>\n\n\n\n<li><strong>Nasdaq 100 Futures<\/strong>: +60 points (+0.3%)<\/li>\n<\/ul>\n\n\n\n<p>Markets will close early Tuesday for Christmas Eve and remain shut on Christmas Day.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Investors Weigh PCE Inflation Data<\/strong><\/h3>\n\n\n\n<p>The <strong>Personal Consumption Expenditures (PCE) price index<\/strong>, the Federal Reserve&#8217;s preferred inflation gauge, rose <strong>0.1% in November<\/strong>, compared to October&#8217;s <strong>0.2%<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Annual PCE inflation slowed to <strong>2.4%<\/strong>, slightly below estimates of <strong>2.5%<\/strong> but still above the Fed&#8217;s <strong>2% target<\/strong>.<\/li>\n\n\n\n<li>Fed officials emphasized the need for continued progress on inflation before further monetary policy adjustments, with lingering concerns over fiscal policy uncertainties, such as tariffs.<\/li>\n<\/ul>\n\n\n\n<p>The Fed recently cut rates by <strong>25 basis points<\/strong> but reduced its 2025 rate-cut forecast from four to <strong>two cuts<\/strong>, citing policy uncertainty under the incoming Donald Trump administration.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Wall Street Volatility and December Performance<\/strong><\/h3>\n\n\n\n<p>Recent weeks have been volatile for Wall Street:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Dow Jones Industrial Average (DJIA)<\/strong> experienced a <strong>10-day losing streak<\/strong>, the longest since 1974, dropping over 1,000 points last Wednesday.<\/li>\n\n\n\n<li>Month-to-date, the <strong>DJIA<\/strong> is down <strong>4.6%<\/strong>, while the <strong>S&amp;P 500<\/strong> has lost <strong>1.7%<\/strong>.<\/li>\n\n\n\n<li>In contrast, the <strong>Nasdaq Composite<\/strong> has risen <strong>1.8%<\/strong> in December, buoyed by strength in the tech sector.<\/li>\n<\/ul>\n\n\n\n<p>Market analysts expect heightened volatility in January as <strong>Donald Trump prepares to retake office<\/strong>, potentially creating new investment opportunities.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Corporate News: Rumble Surges<\/strong><\/h3>\n\n\n\n<p><strong>Rumble Inc.<\/strong> (NASDAQ:RUM) saw its stock surge over <strong>45% in premarket trade<\/strong> following a <strong>$775 million investment from Tether<\/strong>, the company behind the <strong>USDT stablecoin<\/strong>.<\/p>\n\n\n\n<p>This investment underscores growing ties between the crypto and tech sectors as digital asset companies seek to diversify their portfolios.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crude Oil Holds Steady<\/strong><\/h3>\n\n\n\n<p>Oil prices stabilized on Monday as inflation data eased concerns about aggressive monetary tightening, while a U.S. government shutdown was averted.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>WTI Crude Futures<\/strong>: Down 0.3% to <strong>$69.23 per barrel<\/strong><\/li>\n\n\n\n<li><strong>Brent Crude Futures<\/strong>: Down 0.4% to <strong>$72.34 per barrel<\/strong><\/li>\n<\/ul>\n\n\n\n<p>President Joe Biden&#8217;s approval of a stop-gap funding bill over the weekend reassured markets, easing fears of travel disruptions and weak fuel demand during the holiday season.<\/p>\n\n\n\n<p>However, both oil benchmarks remain under pressure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Last Week&#8217;s Losses<\/strong>: Both WTI and Brent fell over <strong>2%<\/strong> amid concerns about slowing global economic growth and weaker oil demand.<\/li>\n<\/ul>\n\n\n\n<p>Looking ahead, oil markets may gain support from the Fed\u2019s cautious stance on interest rates and potential improvements in economic activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock index futures advanced slightly on Monday as Wall Street reacted to signs of easing inflation, kicking off a shortened trading week ahead of the Christmas holiday. Dow Jones Futures: +5 points (+0.1%) S&amp;P 500 Futures: +10 points (+0.2%) Nasdaq 100 Futures: +60 points (+0.3%) Markets will close early Tuesday for Christmas Eve and &hellip;<\/p>\n","protected":false},"author":9,"featured_media":53440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7770,11088,7587],"class_list":["post-109810","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-fomc-minutes","tag-rate-cut-hopes","tag-us-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109810"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109810\/revisions"}],"predecessor-version":[{"id":109812,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109810\/revisions\/109812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53440"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}