U.S. Stock Futures Edge Lower Ahead of PCE Inflation Data
U.S. stock futures hovered NEAR neutral territory Thursday night as markets braced for August's Personal Consumption Expenditures report—the Federal Reserve's favored inflation gauge. Economists anticipate the data will show rising price pressures. Nasdaq 100, Dow Jones, and S&P 500 futures dipped 0.18%, 0.01%, and 0.06% respectively.
Tech giants led Thursday's market retreat, with Oracle, Meta, and Tesla spearheading declines. All three major indices are poised to close the week in negative territory, marking continued volatility amid inflation uncertainty.