Home / Business and Economy / Markets Await Fed Minutes, PCE Data
Markets Await Fed Minutes, PCE Data
18 Feb
Summary
- Stock futures showed little movement after a subdued trading day.
- Software stocks fell amid artificial intelligence disruption fears.
- Investors await Federal Reserve minutes and key inflation data.
U.S. stock futures indicated little movement late Tuesday after a subdued trading session for equities. Major averages on major exchanges recorded modest gains, with the S&P 500 and Nasdaq Composite each adding approximately 0.1%.
The software sector faced pressure, with shares of CrowdStrike and ServiceNow declining as artificial intelligence continues to fuel disruption fears. Market strategists noted that expectations have been reset, suggesting that positive earnings could significantly impact the market.
Looking ahead to Wednesday, market participants will closely monitor the Federal Reserve's minutes from its January meeting. The upcoming personal consumption expenditure price index report on Friday is anticipated to be a key economic catalyst, offering further clarity on inflation and the broader economy.
