Keep an Eye on This Apple Supplier

The PCE price index rose to a higher-than-expected 0.3%

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Schaeffer's Opening View
2/26/2021
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Stock Futures Mixed as Investors Weigh Inflation Data


By: Laura McCandless

Futures on the Dow Jones Industrial Average (DJI) are down 37 points this morning, ahead of what looks to be a choppy end to the week. S&P 500 Index (SPX) futures are modestly in the black, while Nasdaq-100 Index (NDX) futures are up triple-digits as Big Tech stocks rebound from yesterday's steep selloff.

Investors are keeping an eye on inflation data today, amid concerns regarding the 10-Year Treasury yield, which has pulled back from Thursday highs after inflation data came out this morning. The personal consumption expenditure (PCE) price index rose 0.3% for the month, slightly higher than the expected 0.2%. Meanwhile, personal income and consumer spending both beat estimates for January, up 10% and 2.4%, respectively. 

Continue reading for more on today's market, including:

  • DraftKings stock might have offered up an intriguing entry point.   
  • Scanning the long term viability of this Apple supplier
  • Plus, BYND rises on supply deals; Etsy surges after earnings; and CNK drops lower. 
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