Traders
work
on
the
floor
of
the
New
York
Stock
Exchange
(NYSE)
on
the
last
day
of
trading
for
the
year
on
December
29,
2023
in
New
York
City.
Spencer
Platt
|
Getty
Images
News
|
Getty
Images
Stock
futures
were
little
changed
on
Sunday,
with
Wall
Street
looking
toward
fresh
inflation
data
this
week.
Futures
tied
to
the
S&P
500
fell
0.1%,
while
Nasdaq
100
futures
hovered
near
the
flatline.
Dow
Jones
Industrial
Average
futures
slipped
37
points,
or
0.09%.The
30-stock
Dow
is
coming
off
of
its
eighth-straight
winning
session
on
Friday
as
well
as
its
best
week
of
the
year.
Investors
will
look
for
insights
into
the
Federal
Reserve’s
monetary
policy
moving
forward
with
April’s
consumer
price
index
report
due
out
on
Wednesday.
Traders
hope
that
a
return
to
rate
hikes
is
largely
off
the
table
for
the
Fed
despite
a
slew
of
hotter-than-expected
inflation
prints
in
recent
months.
April’s
CPI
print
will
serve
as
a
key
gauge
of
whether
or
not
equities
can
remain
on
stable
footing
after
a
stronger-than-expected
first-quarter
earnings
season.
Results
so
far
have
helped
stocks
remain resilient despite
the
inflation
overhang.
92%
of
S&P
500
companies
have
reported
as
of
Friday,
with
neatly
80%
of
firms
surpassing
Wall
Street
forecasts,
per
FactSet
data.
“Earnings
estimates
may
have
become
too
pessimistic leading
into
1Q24
results,
and
widespread
beat-and-raise
throughout
reporting
season
appears
to
have
catalyzed
a
turnaround
in
sentiment,”
Barclays
analyst
Venu
Krishna
wrote
Friday.
