![Radiocor News](/notizie/radiocor/logo-radiocor.jpg)
US futures wobble ahead of key inflation data
DJIA futures down 52.00 pts (Il Sole 24 Ore Radiocor) - New York, 13 Aug - US futures are wavering ahead of key inflation data that will give investors insight into the health of the US economy.
Wall Street ended quietly yesterday after last week's turbulence triggered in part by fears of an economy slowing faster than expected. The S&P 500 was unchanged, the Dow fell 0.36% while the tech-heavy Nasdaq was up 0.21%.
The market will be watching wholesale inflation numbers later today to gauge factory-gate pricing pressure ahead of tomorrow's key consumer price index and, significantly given concerns over growth, retail sales later in the week.
The producer price index, a measure of wholesale prices, is expected to show prices rose 0.2% in July from the previous month, the same as in June, and 2.3% on the year, down from June's 2.6%.
The Federal Reserve is hoping the US economy will slow enough to tame high inflation but will not slow too rapidly and trigger a possible recession.
On the earnings front, Home Depot shares fell more than 2% premarket after the home improvement retailer said its sales would grow less than forecast in the second half of the year.
Retail giant Walmart is set to present its earnings tomorrow.
Futures on the Dow Jones were down 52.00 points, or 0.13%, S&P 500 futures were up 7.00 points, or 0.13%, while futures on the Nasdaq were 37.50 points, or 0.20%, higher.
AAA-Sje
(RADIOCOR) 13-08-24 13:50:06 (0316) 5 NNNN