Reported about 5 hours ago
US stock futures are declining following January's CPI report indicating a 0.5% month-over-month increase in inflation, surpassing expectations. Federal Reserve Chair Jerome Powell continues his testimony to US lawmakers, suggesting that the Fed isn't rushing to change interest rates. Meanwhile, shares of CVS Health and Super Micro Computer see significant gains after better-than-expected earnings and a positive revenue outlook for the upcoming fiscal years.
Source: YAHOO