Futures Rise On Consumer Price Growth
  • 3 years ago
On Tuesday, S&P and Dow futures are rising as investors turn to stocks that will benefit from an economic recovery in 2021. After five days of losses, energy and financial stocks helped the indexes rise while oil and technology stocks performed well in premarket trading. Investors also expect August consumer price data to show a rise in inflation. Rising inflation could push the Federal Reserve to tighten its monetary policies and sour market gains. Additionally, analysts anticipate a market correction by the end of the year due to a proposed corporate tax hike and slow economic growth.
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