Fundamental analysis
14 September, 2021
Research Department
U.S. stock futures edged higher ahead of fresh data that is likely to show that inflation remained elevated in August. Futures tied to the S&P 500 and the Dow Jones Industrial Average ticked up almost 0.2%, indicating that both indexes will post tepid gains after the opening bell. The S&P 500 had eked out a modest increase on Monday. Contracts for the technology heavy Nasdaq-100 were relatively flat. Investors are showing signs of cautious optimism this week as they bet that the economy will continue to recover, bolstering corporate earnings. That marks a shift from last week, when a rise in Delta variant cases of Covid-19 had stoked concerns that measures to contain the virus could weigh further on economic activity or slow the shipping of goods and materials, adding to inflationary pressures.
