GameStop, Cleveland-Cliffs, Chewy, RH, Inflation: Five things you must know
|Toronto Star 10 Jun 2021 at 14:49|
Stock futures wavered Thursday as traders awaited the latest data on U.S. consumer prices to help them determine whether the Federal Reserve might soon begin discussing pulling back on its market-supporting policies.
Contracts linked to the Dow Jones Industrial Average rose 69 points, S&P 500 futures gained 2 points and Nasdaq futures fell 42 points.
Data on consumer prices for May will be released Thursday before the start of trading. A slide below 1.5 per cent for the yield on the benchmark 10-year Treasury indicated investors have begun supporting the Fed’s belief that any spikes in inflation will be transitory as the economy recovers from the COVID-19 pandemic.