Stock Market Today: Major indexes on track to open lower, eyes on US inflation data
==========
S&P 500 futures are down 0.43%, Dow Jones futures drop 0.19%, and Nasdaq futures lose 0.77%. The Utilities Sector was the best-performing major sector in the S&P 500 on Monday, rising 1.14% on the day. V.F. Corp (VFC) rose 14% to $17.43 as the top gainer of the first trading day of the week. The Federal Reserve Bank of New York's latest Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation held steady at 3%. The US Bureau of Labor Statistics (BLS) will release January CPI data ahead of the opening bell on Tuesday. The headline annual CPI is forecast to rise 2.9% on a yearly basis, at a softer pace than December's 3.4%. The Core CPI is expected to increase 3.7%. Dallas Federal Reserve (Fed) Bank President Lorie Logan said that there is no urgency to cut interest rates. Airbnb Inc. (ABNB) and MGM Resorts International (MGM) are among top companies that will release earnings reports after the closing bell. January Retail Sales, Industrial Production, and Producer Price Index (PPI) data will be featured in the US economic calendar later in the week.
#StockMarket #S&p500 #DowJones #Nasdaq #InflationData #UtilitiesSector #V.f.Corp #FederalReserveBankOfNewYork #UsBureauOfLaborStatistics #Cpi #DallasFederalReserveBank #AirbnbInc. #MgmResortsInternational #EarningsReports #RetailSales #IndustrialProduction #ProducerPriceIndex