finance
U.S. Stock Futures Fall as Inflation Data and Indexes Show Mixed Results
U.S. stock futures declined Tuesday after Monday's mixed session as inflation data prompted concerns about Federal Reserve policy. The Nasdaq 100 led losses while Treasury yields rose and markets priced in no rate change for June.
May 19, 5:15 AM·1m read2 sources
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U.S. stock futures traded lower Tuesday following Monday's mixed close, with the Nasdaq 100 index posting the largest decline among major benchmarks. Inflation concerns weighed on sentiment after economist Ed Yardeni said recent CPI and PPI readings indicate the Federal Reserve is behind the curve.
He expects the central bank to shift from its easing stance to a tightening bias at the June meeting and to deliver a 25-basis-point rate hike in July.
24 percent. 09 percent. 06 percent. 8 percent probability that the Federal Reserve will leave rates unchanged at its June meeting.
35. XP Inc. shares dropped 6 percent after the company reported weaker-than-expected first-quarter results and announced Gustavo Alejo Viviani as its new chief financial officer effective August 3. Akamai Technologies Inc. 3 billion senior notes offering.
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