What caused software stocks to fall?

Software stocks fell due to ongoing concerns about potential disruption from artificial intelligence.

What key economic data will be released this week?

Markets are anticipating the Federal Reserve minutes from the January meeting and the personal consumption expenditure price index report on Friday.

How did the major U.S. stock averages perform on Tuesday?

The S&P 500 and Nasdaq Composite added about 0.1%, and the Dow Jones Industrial Average gained roughly 32 points.

Home / Business and Economy / Markets Await Fed Minutes, PCE Data

Markets Await Fed Minutes, PCE Data

18 Feb

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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.