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 March 13, 2018 - 8:41 AM EDT
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Inflation on Target, Stocks to Gain at Open

Inflation on Target, Stocks to Gain at Open

U.S. stock index futures rose on Tuesday after the release of data showing inflation remains in check.

Futures for the Dow Jones Industrial Average acquired 38 points, or 0.2%, to 25,276

S&P 500 futures moved up 4.25 points, or 0.2%, to 2,793.25 while futures on the NASDAQ Composite increased 5.25 points, or 0.1%, to 7,171

In the corporate space, on Monday, Trump shut down Broadcom's proposed buyout of Qualcomm, citing concerns based on national security.

Both companies have been ordered to abandon this deal immediately.

In Tuesday's session, economic data is set to dominate sentiment — particularly the releases concerning inflation. At 6 a.m. ET, the NFIB Small Business Optimism Index was due out, followed by a whole batch of core consumer price index data, scheduled to be released at 8:30 a.m. ET.

In Japan, the Nikkei 225 took on 0.7%, while in Hong Kong, the Hang Seng Index gained just over seven months

Oil prices settled 32 cents to $61.04 U.S. per barrel.

Gold prices slid 90 cents to $1,319.90 U.S. an ounce.


Source: Livemoney (March 13, 2018 - 8:41 AM EDT)

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