Stock futures are little changed as investors await inflation data, earnings this week: Live updates
What are the terms of Boeing's new guilty plea agreement?
Boeing's new guilty plea agreement includes a $243.6 million fine, an independent compliance monitor for three years, and at least $455 million investment in compliance and safety programs3. The agreement is in response to federal prosecutors' allegations that Boeing violated a 2021 settlement that shielded it from prosecution. The deal still requires approval by a federal judge to take effect.
What inflation data are investors awaiting this week?
Investors are awaiting the release of the June consumer price index (CPI) data this week, which could provide insights into inflation trends. This data is crucial as it may influence the Federal Reserve's decisions on interest rates, particularly regarding the potential for rate cuts in the near future. The CPI data is scheduled for release on Thursday.
How did S&P 500 futures perform recently?
S&P 500 futures were flat recently as investors await key inflation data and earnings from major financial giants and consumer companies. The S&P 500 is coming off its fourth positive week in the last five, amid optimism that easing inflation could lead to a Federal Reserve interest rate cut. Major banks, including Citigroup and JPMorgan Chase, will kick off the second-quarter earnings season this week.