{"id":111743,"date":"2025-02-12T15:16:49","date_gmt":"2025-02-12T11:16:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111743"},"modified":"2025-02-12T15:16:52","modified_gmt":"2025-02-12T11:16:52","slug":"u-s-futures-edge-lower-ahead-of-key-inflation-report","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-futures-edge-lower-ahead-of-key-inflation-report\/02\/12\/market-updates\/","title":{"rendered":"U.S. Futures Edge Lower Ahead of Key Inflation Report"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>U.S. stock index futures dipped slightly on Wednesday as investors awaited a crucial <strong>consumer inflation report<\/strong> that could influence the <strong>Federal Reserve\u2019s monetary policy<\/strong> outlook.<\/p>\n\n\n\n<p>At <strong>05:50 ET (10:50 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dow Jones Futures<\/strong> fell <strong>75 points (-0.2%)<\/strong><\/li>\n\n\n\n<li><strong>S&amp;P 500 Futures<\/strong> declined <strong>8 points (-0.1%)<\/strong><\/li>\n\n\n\n<li><strong>Nasdaq 100 Futures<\/strong> slipped <strong>9 points (-0.1%)<\/strong><\/li>\n<\/ul>\n\n\n\n<p>On Tuesday, Wall Street ended mixed as <strong>Fed Chair Jerome Powell\u2019s testimony<\/strong> reinforced expectations that <strong>rate cuts won\u2019t come soon<\/strong>. The <strong>Dow rose 0.3%<\/strong>, the <strong>S&amp;P 500 ended flat<\/strong>, and the <strong>Nasdaq fell 0.4%<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Inflation in Focus<\/strong><\/h3>\n\n\n\n<p>Markets are closely watching the <strong>U.S. Consumer Price Index (CPI)<\/strong> report, which could influence the Fed\u2019s next move. Economists expect:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Annual CPI<\/strong> to hold at <strong>2.9% (YoY) for January<\/strong>, matching December.<\/li>\n\n\n\n<li><strong>Monthly CPI<\/strong> to ease to <strong>0.3% from 0.4%<\/strong>.<\/li>\n\n\n\n<li><strong>Core CPI<\/strong> (excluding food and fuel) to decline to <strong>3.1% (YoY) from 3.2%<\/strong>, but rise <strong>0.3% (MoM) from 0.2%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>Powell reiterated that <strong>the Fed is in no rush to cut rates<\/strong>, citing <strong>economic resilience and previous 1% rate cuts in 2024<\/strong>. He is set to testify before <strong>Congress on Wednesday<\/strong>, where Trump\u2019s <strong>tariffs and inflation impact<\/strong> could be key topics.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Earnings in the Spotlight<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Cisco Systems (NASDAQ: CSCO)<\/strong> reports earnings <strong>after the closing bell<\/strong>, with a focus on <strong>AI-driven networking demand<\/strong>.<\/li>\n\n\n\n<li><strong>CVS Health (NYSE: CVS) and Robinhood (NASDAQ: HOOD)<\/strong> will also release results.<\/li>\n\n\n\n<li><strong>DoorDash (NASDAQ: DASH)<\/strong> surged <strong>6% premarket<\/strong> after reporting strong <strong>Q4 revenue<\/strong>.<\/li>\n\n\n\n<li><strong>Super Micro Computer (NASDAQ: SMCI)<\/strong> jumped <strong>6% premarket<\/strong>, despite cutting its <strong>annual revenue forecast<\/strong>.<\/li>\n\n\n\n<li><strong>Gilead Sciences (NASDAQ: GILD)<\/strong> gained <strong>4% premarket<\/strong> after surpassing <strong>Q4 earnings expectations<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Oil Prices Slide After Inventory Surge<\/strong><\/h3>\n\n\n\n<p>Crude oil prices declined after data showed an unexpected jump in <strong>U.S. crude stockpiles<\/strong>, weighing on sentiment.<\/p>\n\n\n\n<p>At <strong>05:50 ET<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>WTI crude<\/strong> fell <strong>1.2% to $72.42<\/strong> per barrel.<\/li>\n\n\n\n<li><strong>Brent crude<\/strong> dropped <strong>1.1% to $76.15<\/strong> per barrel.<\/li>\n<\/ul>\n\n\n\n<p>The decline follows a <strong>9 million barrel surge in U.S. crude inventories<\/strong> last week, according to the <strong>American Petroleum Institute (API)<\/strong>. Official data from the <strong>Energy Information Administration (EIA)<\/strong> is due later today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock index futures dipped slightly on Wednesday as investors awaited a crucial consumer inflation report that could influence the Federal Reserve\u2019s monetary policy outlook. At 05:50 ET (10:50 GMT): Dow Jones Futures fell 75 points (-0.2%) S&amp;P 500 Futures declined 8 points (-0.1%) Nasdaq 100 Futures slipped 9 points (-0.1%) On Tuesday, Wall Street &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":[6827,49,39,36],"tags":[],"class_list":["post-111743","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111743","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=111743"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111743\/revisions"}],"predecessor-version":[{"id":111745,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111743\/revisions\/111745"}],"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=111743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}