US Stock Futures Hold Their Ground as Investors Hold Their Breaths
Following last week’s dip, U.S. futures stayed pretty calm today, even as the S&P 500 and Nasdaq 100 slipped almost 1%. Traders are all ears for the March CPI data that’s due later this week. If the numbers keep shooting up, it could keep the pressure on the markets—especially because many Fed folks are still skeptical that inflation has hiccuped enough to start cutting rates.
Fed Minutes: The Pulse of Volatility
Anything that hints at a June rate cut is going to be scrutinized. So we’re watching for the Fed’s March meeting minutes slated for Wednesday. A draft that shows uncertainty could stir up some market chatter.
Sector Snapshot: Real Estate vs. Energy
- Real Estate took a hit last week. The market felt the tug of rising interest rates, causing a pullback.
- Energy made a splash, riding higher oil prices that pushed the sector up.
Tesla’s Surprise Move
In pre‑market traffic, Tesla nudged higher when CEO Elon Musk announced a new robotaxi rollout scheduled for August 8. This news might lift the stock that’s been wobbling for a few months. Helium for the batteries, right?
Crypto‑Linked Shares & Bitcoin Buzz
Stocks tied to cryptocurrencies upped their game too, with Bitcoin inching close to a previous high. The crypto renaissance continues.
Bank Earnings: The Big Friday Flash
Talk of the town—JPMorgan Chase, Wells Fargo, and Citigroup will release their Q1 results on Friday. Their performance could tilt investor sentiment either way.
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