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Futures Up Slightly After Best Week of Year

Monday, May 13, 2024 09:32 AM | Baystreet via QuoteMedia

Futures Up Slightly After Best Week of Year

Stock futures rose slightly Monday, with Wall Street looking toward fresh inflation data this week.

Futures for the Dow Jones Industrials progressed 65 points, or 0.2%, to 39,707.

Futures for the S&P 500 grabbed 12 points, or 0.2%, at 5,258.25.

Futures for the NASDAQ Composite gained 60 points, or 0.3%, to 18,315.

GameStop shares rallied more than 37% in the premarket after “Roaring Kitty” posted for the first time in roughly three years.

Investors will look for insights into the Federal Reserve's monetary policy moving forward with April's consumer price index report due out on Wednesday. Traders hope that a return to rate hikes is largely off the table for the Fed despite a slew of hotter-than-expected inflation prints in recent months.

In Japan, the Nikkei 225 fell 0.1%, while in Hong Kong, the Hang Seng Index gained 0.8%.

Oil prices added 58 cents to $78.84 U.S. a barrel.

Gold prices sank $22.10 to $2,352.900 U.S. an ounce.

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