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Futures Flat Ahead Of Key CPI Print

Tyler Durden's Photo
by Tyler Durden
Tuesday, Nov 14, 2023 - 01:14 PM

US equity futures are unchanged on the session amid expectations that today's CPI report (full preview here) will show price pressures slowing last month even if core CPI appears to have flatlined, cementing views that the Fed's hikes have peaked. At 8:00am, S&P futures S&P 500 futures were unchanged on the day,with Nasdaq gaining around 0.2% driven by a relentless rally in Nvidia which is poised to rise for a 10th consecutive day and gain 20% in value in November. 10-year yields slipped two basis points to 4.62%, while West Texas Intermediate oil futures held near $78 a barrel.

In premarket trading, Apple rose 0.4% after strong profits from iPhone maker Hon Hai Precision Industry. Snap gained 5% on report of a tie-up with Amazon.com. Nvidia was set to extend gains into a 10th straight session, its longest winning streak in almost seven years. Here are some other notable premarket movers:

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