Stock Market Today: Live Updates | Wilnesh News

U.S. stock futures were little changed on Sunday night as the S&P 500 and Nasdaq Composite posted their third consecutive weekly gain ahead of key inflation data this week.

Dow Jones Industrial Average futures fell 15 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures fell 0.05% and 0.12%, respectively.

The S&P 500 and Nasdaq closed at new highs on Friday, rising 0.96% and 3.34% respectively for the week. The Dow was the only laggard, ending the week down 0.6%.

The moves came after a November jobs report showed stronger-than-expected economic growth, but did not dampen investor hopes that the Federal Reserve would cut interest rates this month. this CME Group Fed Watch Tool It shows the market is pricing in an 85% chance of a quarter-percentage point cut in the target rate at the end of the meeting on December 18.

“Everything else is going exactly the way the Fed wants it to go,” Wharton finance professor Jeremy Siegel said Friday on CNBC’s “Closing Bell.” “I think we’re going to be on December 18 There was one rate cut at the meeting on Wednesday, but to be honest, I think there will only be two or three rate cuts next year. I think this momentum may continue.”

The Federal Reserve is currently in lockdown period Comments from the policy-setting meeting are imminent, but investors will get final insights into their decisions through the release of key inflation data this week.

November’s consumer price index, released on Wednesday, is expected to show a slight increase in price pressures. Economists polled by Dow Jones expected monthly and annual growth rates of 0.3% and 2.7% respectively. This would be an increase of 0.2% and 2.6% respectively from the previous month.

On Monday, investors will await October wholesale inventory data due at 10 a.m. ET.

Corporate financial reports will continue to be released on Monday Oracle results Expected after closing.