14 September, 2021
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.