Live Updates: Nasdaq Reaches New High as Stock Futures Hold Steady!

Traders on the New York Stock Exchange saw a generally quiet night on Monday, with futures showing little movement after the Nasdaq Composite hit a record high. Dow Jones futures rose slightly by 31 points, while S&P 500 and Nasdaq 100 futures saw minor increases as well.

In the media sector, Fox shares slid more than 2% after Lachlan Murdoch took control of the company, following a family trust dispute resolution. Similarly, Dell Technologies’ shares dropped 2% after Chief Financial Officer Yvonne McGill announced her resignation, effective Tuesday.

Last week, Wall Street had a solid performance. The Nasdaq Composite gained 0.45%, driven by strong performances from major chipmakers like Broadcom and Nvidia. The S&P 500 rose by 0.21%, and the Dow increased by 114 points, or 0.25%.

Now, all eyes are on two important inflation reports coming this week. These could significantly influence the Federal Reserve’s next steps at their upcoming meeting. Recently, a disappointing jobs report had many investors hoping for lower interest rates. However, a potential rise in inflation could change that outlook. The producer price index is set to be released on Wednesday, while the consumer price index follows on Thursday.

Expert economist Torsten Slok shared his thoughts on the situation, stating, “When the labor market weakens, the Fed should cut rates. The problem is that inflation is expected to rise from 2.7% to 2.9%, complicating the picture.” Rising inflation may lead the Fed to hike rates instead.

Additionally, the NFIB Small Business Optimism Index will be released on Tuesday. This report could provide insight into economic conditions. Weak sentiment among small businesses, which employ a large portion of the U.S. workforce, could spell trouble for the jobs market.

On the horizon, tech giants like GameStop and Oracle are set to report earnings after the market closes on Tuesday. Apple is also in the spotlight as it prepares to unveil new devices, including a fresh iPhone.

In recent social media trends, discussions about inflation have surged, indicating widespread concern. Surveys show that many consumers are worried about rising prices impacting their finances.

For more on financial trends and reports, visit trusted sources like CNBC or MarketWatch.

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