March S&P 500 E-Mini futures (ESH24) are trending up +0.28% 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.
