Key inflation data rolled in, rising more than expected
| 5/28/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Stock Futures Look to Close Winning Week With More Gains | By: Jake Scott | Looking to close out a winning week on a high note, stock futures are rising this morning following a session marked by upbeat labor market data. Dow Jones Industrial Average (DJI) futures were last seen up around 150 points, even after the core Personal Consumption Expenditures (PCE) prices index, a key U.S. inflation gauge, rose more than expected year-over-year. The PCE rose 3.1% in April, compared to the projected 2.9% increase -- hitting its highest level in nearly 13 years. Meanwhile, S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures were both noticeably higher, with the former sitting less than 1% from record highs. Continue reading for more on today's market, including: - RH stock may be worth considering ahead of earnings.
- Can J.M. Smucker notch its fifth-straight quarterly win?
- Plus, Big Lot stock dips despite upbeat results; Boeing's latest quality control issues; and one "meme" stock soaring up the charts.
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