U.S. stock index futures rose slightly on Sunday evening with trading volumes thin ahead of a Monday holiday, while investors looked to several upcoming economic prints for more cues on interest rates.
Futures rose after Wall Street clocked a second straight week of losses, as a mildly softer-than-expected consumer inflation print for January provided little support.
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A persistent rout in technology stocks, amid concerns over disruptions from artificial intelligence, also kept Wall Street under pressure.
S&P 500 Futures rose 0.2% to 6,863.50 points by 19:28 ET (00:28 GMT). Nasdaq 100 Futures rose 0.16% to 24,843.0 points, while Dow Jones Futures rose 0.1% to 49,608.0 points.
Wall St clocks muted response to mild Jan CPI Wall Street indexes were largely muted on Friday after consumer price index inflation data for January read mostly in line with expectations.
Headline CPI came in slightly below consensus, while core CPI grew in line with expectations.
The print provided limited support to Wall Street, as optimism over potentially lower interest rates in the long term was largely overshadowed by persistent concerns over AI-related disruptions.
A selloff in software and transportation stocks was seen spilling over into financial services, media, and even real estate stocks.
The S&P 500 ended flat at 6,836.17 points on Friday. The NASDAQ Composite fell 0.2% to 6,836.17 points, while the Dow Jones Industrial Average rose 0.1% to 49,500.93 points.
The S&P lost about 1.5% last week, while the Nasdaq fell 2.1%. The Dow ended last week flat.
US data, Fed minutes due this week Focus this week is on a host of key economic prints, as well as the minutes of the Federal Reserve’s January meeting, for more cues on interest rates.
Industrial production data for January is due on Wednesday, followed by the Fed minutes due later in the day.
Trade data for January is due this week, as is PCE price index data for December. The latter is the Fed’s preferred inflation gauge, and is widely expected to factor into expectations for long-term interest rates.
Purchasing managers index data for February is also due in the coming days.
