Manage episode 294356809 series 2917102
U.S. stock futures point to a flat to slightly lower open.
The S&P 500 sits just 0.2% from its intraday record high earlier in May.
Tech stocks were weak in premarket trading. Shares of Zoom (ZM) and Tesla (TSLA) each fell about 1%
Investors are focused on inflation data in the week ahead, with May’s Consumer Price Index (CPI) scheduled to be released Thursday. In April the CPI rose 4.2% from the previous year, the fastest increase since 2008. If prices continue to rise it could cause the Federal Reserve to step back from its easy policies.
This wraps up today's stock market news.
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