U.S. stock futures were steady on Thursday evening as investors looked ahead to the release of Personal Consumption Expenditures, a key inflation report, tomorrow. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were up 0.12%, 0.05%, and 0.06%, respectively, at 6:13 p.m. EST on February 19.
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Trade QQQ with leverageIn the regular trading session, stocks fell, ending a three‑day winning streak for the S&P 500 and the Dow, as oil prices hit a six‑month high amid rising U.S.–Iran tensions. The Dow dropped 0.5%, while the S&P 500 and Nasdaq each slipped 0.3%.
On the economic front, traders will get fresh data with the release of fourth‑quarter GDP, which economists expect to show 2.5% growth after a stronger‑than‑expected 4.4% gain in Q3. Also, the Fed’s preferred inflation gauge, the PCE index, is due. Estimates call for a 2.8% annual increase in headline PCE and a 3% rise in core PCE.
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