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Barchart
Barchart
Oleksandr Pylypenko

Stocks Set to Open Lower as Investors Await U.S. Inflation Data

Inflation United States US Federal Reserve Austan Goolsbee Morgan Stanley BOJ ORCL

March S&P 500 E-Mini futures (ESH24) are down -0.31%, and March Nasdaq 100 E-Mini futures (NQH24) are down -0.40% this morning as investors looked ahead to the release of U.S. inflation data due Tuesday for clues regarding the timing of future Federal Reserve interest-rate cuts.

In Friday’s trading session, Wall Street’s major averages ended lower. Marvell Technology Inc (MRVL) tumbled over -11% and was the top percentage loser on the Nasdaq 100 after the specialty semiconductor company issued disappointing Q1 guidance. Also, Costco Wholesale Corp (COST) plunged more than -7% and was the top percentage loser on the S&P 500 after the big box retailer reported weaker-than-expected Q2 revenue. In addition, Broadcom Inc (AVGO) slid about -7% after reporting weaker-than-expected Q1 semiconductor solutions revenue. On the bullish side, Gap Inc (GPS) climbed more than +8% after the retailer posted better-than-expected Q4 results.

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