- Dow Jones Industrial Average futures fell 45 points to 38,703.
- S&P 500 futures remained steady at 5,044.
- Nasdaq-100 futures increased by 14 points to 18,053.
On Friday, the Dow Jones Industrial Average fell slightly while the S&P 500 reached another record high, and the Nasdaq Composite also showed gains.
The S&P 500 has experienced five consecutive weeks of growth, resulting in a 7% increase.
Earnings season has shown that approximately 76% of companies have beaten bottom-line estimates, indicating positive market sentiment.
Earnings revisions play a crucial role in predicting stock market direction, suggesting that fundamentals are driving the current rally.
The upcoming release of the consumer price index data may potentially impact these fundamentals.
The Federal Reserve is closely monitoring inflation as it looks for opportunities to implement rate cuts in order to maintain financial stability.
In the oil industry, another major deal might be on the horizon as Diamondback Energy is reportedly set to acquire Endeavor Energy Resources.