economy
S&P 500 Futures Decline as Wall Street Awaits Key April Inflation Reading: Live Updates
April's reading of the personal consumption expenditure price index, the Fed's preferred inflation gauge, is due out at 8:30 a.m. on Thursday.
TL;DR
- S&P 500 and Nasdaq futures declined ahead of the release of the April personal consumption expenditure price index.
- Snowflake shares soared in extended trading after announcing a $6 billion, five-year commitment to Amazon Web Services and reporting better-than-expected earnings.
- LG Energy Solution saw its shares rise after its U.S. unit secured a $1.6 billion deal to supply battery cells for DTE Energy's storage projects.
- Federal Reserve officials, including Neel Kashkari and Lisa Cook, expressed strong focus on lowering inflation, with Cook indicating a willingness to raise rates.
- Asia-Pacific markets opened lower amid ongoing Iran-U.S. negotiations and mixed economic signals.
- Analysts suggest investors consider broadening their trades beyond the tech sector, which has driven recent market gains.
- Key economic data releases expected include jobless claims, new home sales, personal income, and durable goods orders.