March S&P 500 E-Mini futures (ESH24) are trending up +0.30% this morning as market participants awaited the all-important U.S. consumer inflation report that could shed light on the Federal Reserve’s interest rate cut trajectory.
In Monday’s trading session, Wall Street’s major indexes closed mixed. Boeing Co (BA) fell over -3% and was the top percentage loser on the Dow following a report from the Wall Street Journal indicating that the U.S. Justice Department has launched a criminal investigation into the recent midair blowout of a door on an Alaskan Airlines flight. Also, chip stocks retreated, with Marvell Technology (MRVL) and Advanced Micro Devices Inc (AMD) slumping more than -4%. On the bullish side, Bally’s Corp (BALY) surged more than +28% following a takeover offer by Standard General for the remainder of the company it doesn’t already own for $15 a share.
