Stocks Rise Amid Inflation Concerns as Producer Prices Awaited

Reported about 10 hours ago

US stock futures, including Dow, S&P 500, and Nasdaq, saw modest gains despite a hot inflation report for January, which indicated consumer prices rose more than expected, complicating hopes for imminent interest rate cuts. The upcoming release of the producer price index (PPI) is anticipated to show a 0.3% increase, while companies like Airbnb, Roku, and Coinbase are expected to report earnings. Concurrently, Asian markets reacted positively to peace talks between the US and Russia, leading to mixed movements in regional stocks and a decline in oil prices.

Source: YAHOO

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