U.S. stock futures are trading mixed early Monday as traders look forward to key inflation readings this week, which are expected to shape the Federal Reserve’s interest rate decision in September. Futures on the Nasdaq 100 (NDX) were down 0.05%, while those on the Dow Jones Industrial Average (DJIA) and the S&P 500 (SPX) were up 0.20% and 0.04%, respectively, at 4:54 a.m. EST on August 11.
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In Friday’s trading session, major indexes closed in positive territory after the White House confirmed that a meeting between President Donald Trump and Vladimir Putin is in the works. Meanwhile, iPhone maker Apple (AAPL) led the market higher after announcing a $600 billion investment in the U.S. to expand domestic manufacturing. On August 8, the S&P 500 rose 0.78%, the Dow Jones gained 0.47%, and the Nasdaq Composite advanced 0.98%.
Apple’s rally also helped all three major indexes end the trading week with record-high gains. The S&P 500 logged its best weekly performance since late June, climbing 2.43% to finish just shy of a record high. The Dow Jones advanced 1.35% for the week, while the Nasdaq 100 soared 3.73%, setting a fresh all-time high.
Looking ahead, investors are awaiting the Consumer Price Index (CPI) data on Tuesday and the Producer Price Index (PPI) data on Thursday. Higher-than-expected readings on these inflation measures could put the brakes on the market rally and lower the chances of a September rate cut.
Meanwhile, the earnings season is slowing down, with a majority of S&P 500 and Dow companies having already released their results. Nonetheless, a few notable earnings are scheduled for this week, including AST SpaceMobile (ASTS), Oklo (OKLO), Monday.com (MNDY), CoreWeave (CRWV), Cisco Systems (CSCO), and Applied Materials (AMAT).
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.25%. WTI crude oil futures were trending lower, hovering near $63.39 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $3,417 per ounce on Monday.
Elsewhere, European stocks opened mixed as trade uncertainties persisted amid the potential extension of the U.S.-China tariff truce deadline. With no major earnings reports or economic releases scheduled for the week, market sentiment remained cautious.
Asia-Pacific Markets Traded Higher Today
Asia-Pacific markets traded mostly higher today as investors anticipated an extension to the U.S.-China tariff truce deadline due on August 12.
Hong Kong’s Hang Seng index rose 0.19%. In China, the Shanghai Composite index gained 0.34%, while the Shenzhen Component surged 1.48%. Japan’s markets remained closed for trading today in observance of the national holiday, Mountain Day.