Stock futures slip with inflation data in focus: Stock market news today

Stocks started to open lower on Monday, starting a week where the focus will be on inflation, interest rates and the start of the second quarter earnings season.

Futures on the S&P 500 (^GSPC) fell about 0.2%, while those on the Dow Jones Industrial Average (^DJI) traded just below flatline. Futures on the tech-heavy Nasdaq 100 fell over 0.3% to lead losses, after all three major averages closed lower on Friday.

Eyes look ahead to US consumer and producer inflation reports due later this week, which are expected to show price pressures easing. That could prompt the Federal Reserve to ease interest rate hikes later this year, although it is still considered likely to hike in July even after some cooling in the June jobs report.

Meanwhile, in China, fresh price data raised the specter of deflation in the world̵[ads1]7;s second-largest economy, as Beijing’s stimulus moves appear to be falling short.

Further out, investors are bracing for big financial results, with Q2 reports from major banks such as JPMorgan and Citi on Friday’s document.

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