Stock futures are near flat Thursday night as traders awaited closely followed inflation data. They are also counting down to the end of what's been a strong first half of the year.on Wall Street as investors braced for the release of May's core personal consumption expenditures price index — known as the PCE — Friday morning. Theinflation gauge, the headline PCE reading is expected to be flat from April and higher by 2.6% compared with a year ago.
Those are some of the final potential market catalysts for the first six months of 2024, which officially concludes with Friday's closing bell. It's a day full of noteworthy data, as it marks the end of the trading week, month, quarter and half year.The technology-heavy Nasdaq Composite has led the way over the first half, climbing around 19% as artificial intelligence craze captured investor excitement.
Part of the reason for the Dow's underperformance stems from an idiosyncratic pullback in the second quarter. The Dow has slipped more than 1.6% during the period, while the S&P 500 and Nasdaq have added more than 4% and 9%, respectively, over the same timeframe.
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