This morning of February 27th, 2024, US stock futures remain without direction.
Part of this follows a retreat from the recent record highs that were mostly driven by the M7 last week and in particular: Nvidia (
NVDA). Investors are also waiting for Thursday's PCE data which may give them a better understanding of the inflation environment and what the next Fed move could be.
The upcoming release of the PCE data is perceived as a potential trigger for stock market movements in either direction. Meanwhile, economic updates scheduled for Tuesday include consumer confidence figures, the S&P Case-Shiller home price index, and durable goods orders.
Futures for the Dow Jones Industrial Average (
DJI.IDX) and the S&P 500 (
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