Stock futures flat as Wall Street looks ahead to key inflation data

Stock futures were flat on Monday morning as Wall Street looks ahead to key inflation data to be released this week.

Dow Jones Industrial Average futures were little changed. S&P 500 futures were down 0.06% and Nasdaq 100 futures lost 0.06%.

The moves came after a winning week for U.S. stocks, as all three major averages snapped a three-week losing streak. The Dow added 2.66% on the week, while the S&P 500 gained 3.65%. The Nasdaq Composite was 4.14% higher.

Stocks have been volatile ahead of the September meeting of the Federal Reserve, where the central bank is expected to deliver its third consecutive 0.75 percentage point rate hike in an effort to combat high inflation.

Wall Street investors had been looking for signs that the size of future rate hikes might be smaller as inflation cools off, Fed Chair Jerome Powell last week reiterated that he is “strongly committed” to bringing down inflation.

This week, investors are looking ahead to the August consumer price index report, scheduled to be released Tuesday. The report is one of the last pieces of data on inflation the Fed will see ahead of its September meeting. Retail sales and industrial production reports will be released Thursday.





https://www.cnbc.com/2022/09/11/stock-futures-rise-as-wall-street-looks-ahead-to-key-inflation-data-.html

Earthquake in Norcal.

Just hit. Nothing major but it WAS a pretty good bump. Did you feel it?

Far-right party close to causing huge political upset in Sweden's neck-and-neck election

The far-right Sweden Democrats appear to be close to causing a huge upset in the country's neck-and-neck election cliffhanger.

The populist anti-immigration party, which emerged from the neo-Nazi movement in the late 1980s, has increased its polling at each of the past nine elections, and on Sunday looked to have gained 21% of this year's vote, according to near-final results.

If it transpires that has happened after the full count, they will become the country's second-biggest party.

Then, a bloc of right-wing parties, including the Sweden Democrats, is expected to defeat a left-wing bloc headed by Prime Minister Magdalena Andersson and form government.

However, the result was so close the election authority said it would not be known before Wednesday when some uncounted votes, including those cast abroad, have been tallied.

Exit polls at first predicted victory for the incumbent left-wing coalition, but results later suggested the right-wing bloc could narrowly win.


https://news.sky.com/story/far-right-party-close-to-causing-huge-political-upset-in-swedens-neck-and-neck-election-12695555

Tweet of the Weekend

Bonus Tweet of the Day

Star Wars Andor Season 1 Final Trailer

Tweet of the Day

Marvel Studios' Werewolf By Night - Official Trailer

Captain America 4 Casts Israeli Hero Sabra

The announcement came at the D23 Fan expo, a Comic-Con-like fan convention where Disney reveals trailers, castings and other news regarding its upcoming Disney, Pixar, Marvel, Star Wars and Lucasfilm projects. Israeli actor Shira Haas will portray the hero.

Marvel Studios also confirmed at D23 that Tim Blake Nelson would reprise his role as the Leader in the upcoming film, while Carl Lumbly and Danny Ramirez will return as Isaiah Bradley and Joaquin Torres, respectively. Nelson was last seen in 2008's The Incredible Hulk, while Lumbly and Ramirez starred in Disney+'s The Falcon and the Winter Soldier, which serves as a lead in for Captain America: New World Order. They join Anthony Mackie, who will lead the film as Sam Wilson / Captain America.



https://www.cbr.com/captain-america-4-casts-sabra-israel/?utm_content=buffer8ab75&utm_medium=Social-Distribution&utm_source=CBR-TW&utm_campaign=CBR-TW

Tales of the Jedi Official Trailer