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U.S. Futures Hold Steady after Nasdaq Hits New Record

U.S. Futures Hold Steady after Nasdaq Hits New Record

U.S. stock futures were flat on Monday evening, after the Nasdaq Composite closed at an all-time high. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.12%, 0.14%, and 0.12%, respectively, at 7:11 p.m. EDT on September 8.

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These movements come after a positive trading session on Monday. The Nasdaq Composite climbed 0.45%, boosted by strong performances from key chipmakers like Broadcom (AVGO) and Nvidia (NVDA). Also, the S&P 500 and the Dow Jones gained 0.21% and 0.25%, respectively.

Investors are now focused on two key inflation reports, the producer price index (PPI) and consumer price index (CPI), due later this week, which will be a major factor in the Federal Reserve’s upcoming policy meeting. On Tuesday, the NFIB Small Business Optimism Index will be released, providing further insight into the economic scenario.

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