US STOCKS SNAPSHOT-Futures move higher after January inflation data
Feb 28 (Reuters) - U.S. stock index futures moved higher on Friday as investors assessed an in-line inflation report to gauge the trajectory of the Federal Reserve's monetary policy easing this year.
The Commerce Department's report showed the Personal Consumption Expenditures Price index rose 2.5% in January on an annual basis, in line with expectations of a 2.5% increase according to economists polled by Reuters. On a monthly basis, the index rose 0.3%, versus estimates of a 0.3% climb.
Excluding volatile items such as food and energy, the index rose 2.6% on an annual basis in the previous month, compared with forecasts of a 2.6% increase.
At 8:32 a.m., Dow E-minis 1YMcv1 were up 228 points, or 0.53%, S&P 500 E-minis EScv1 were up 20.25 points, or 0.35% and Nasdaq 100 E-minis NQcv1 were up 44 points, or 0.21%.
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first t
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
