Dow futures slip after strong run as inflation data looms

How are stock-index futures trading The Dow DJIA, S&P 500 SPX and Nasdaq Composite COMP rose Friday to score back-to-back weekly gains.

However, after that strong rally a more cautious tone prevails at the start of the new week as the market awaits a U.S. consumer-price index report for October, due Tuesday, that thus has the heft to underpin the latest bull run or bring it to a halt. “The consumer-price index stands as the focal point for investors this week, with anticipation building for the next market-moving event,” said Stephen Innes, managing partner at SPI Asset Management.Adding to the reticent mood early Monday was anxiety about another looming U.S. budget deadline — an issue that contributed to Moody’s Investors Service late Friday cutting its outlook on the U.S. sovereign credit rating to negative from stable.

“Depending on the new funding resolution – or the lack thereof – we could see the U.S. 10-year yield return above 4.80%,” Ozkardeskaya added.

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