U.S. Stock Futures Steady Ahead of July Inflation Data

U.S. stock futures showed mixed to flat movement as investors awaited key inflation data, particularly the July Consumer Price Index (CPI) report, which is expected to show a 0.2% monthly increase and a 2.8% year-over-year rise. The CPI and the upcoming Producer Price Index (PPI) report are crucial for anticipating the Federal Reserve's next policy decisions, especially ahead of the Fed's Jackson Hole symposium and September meeting, with markets currently pricing in a high likelihood of an interest rate cut. Despite recent record highs in major indexes like the Nasdaq and S&P 500, investors remain cautious due to concerns over stretched valuations, potential tariff impacts, and a softening macroeconomic backdrop. President Donald Trump's extension of the 90-day pause on higher tariffs on Chinese goods had little immediate impact on market sentiment. Individual stock movements included declines in Nvidia and AMD shares due to export-related revenue arrangements with China, while companies like Paramount Skydance saw gains. Overall, traders are balancing optimism over possible rate cuts with uncertainties regarding inflation trends and global trade dynamics.