watch
now
Stock
futures
were
little
changed
on
Monday,
as
investors
looked
ahead
for
forthcoming
inflation
data.
Futures
tied
to
the
S&P
500
hovered
near
the
flatline.
Nasdaq
100
futures
advanced
nearly
0.1%,
while
Dow
Jones
Industrial
Average
futures
gained
16
points,
or
0.04%.
Stocks
ended
Monday’s
trading
near
the
flatline,
with
the
S&P
500
closing
with
a
marginal
decline
of
0.04%
and
the
30-stock
Dow
losing
0.03%.
The
Nasdaq
Composite
eked
out
a
small
gain
of
0.03%.
During
the
session,
the
10-year
Treasury
yield
topped
4.4%
as
investors
awaited
Wednesday’s
consumer
price
index
report
for
more
insight
into
how
the
Federal
Reserve’s
rate
policy
has
been
affecting
inflation.
Economists
surveyed
by
Dow
Jones
expect
inflation
to
have
increased
0.3%
in
March.
“If
[CPI]
is
a
surprise
and
that
continues
to
reprice
inflation
expectations
higher,
I
think
that’s
where
it
becomes
dangerous
for
stocks,”
iCapital
chief
investment
strategist
Anastasia
Amoroso
told
CNBC’s
“Closing
Bell”
on
Monday.
Amoroso
added
that
the
rise
in
bond
yields
has
been
triggered
by
an
improving
growth
outlook,
underpinned
by
a
stronger-than-expected
jobs
report
from
Friday.
However,
she
cautioned
that
a
continued
rise
in
the
10-year
yield
could
signal
cause
for
concern
for
the
broader
market.
“If
the
moves
are
somewhat
contained
here
I
think
we’re
fine,
despite
the
backup,
but
obviously
if
you
have
anything
closer
to
a
breakout
to
4.8%,
I
think
we’d
have
to
worry,”
she
said.
In
the
way
of
economic
data,
the
National
Federation
of
Independent
Business
will
issue
its
small
business
survey
results
on
Tuesday.
In
addition
to
Wednesday’s
release
of
the
CPI,
the
Federal
Reserve’s
minutes
from
its
March
meeting
are
also
slated
for
that
day.
