The Dow Jones Industrial Average dropped Friday on key inflation data. Tesla stock rallied after Elon Musk's comments on not selling shares. Read More...
Reuters
Futures steady ahead of November inflation data
The core personal consumption expenditure price index, the Fed’s preferred inflation gauge, is expected to have increased 0.2% in November after a similar rise in October. The fall was led by tech stocks, including semiconductors, after Micron Technology Inc forecast a much steeper-than-expected second-quarter loss, pushing Nasdaq 2.2% lower. Investors have been jittery since last week as Fed remains stubbornly committed to achieving the 2% inflation goal and projected it would continue raising rates to above 5% in 2023, a level not seen since 2007.
