Stock futures rise as Wall Street readies for the start of the second quarter: Live updates - CNBC
Traders work the floor of the New York Stock Exchange. NYSE Stock futures rose slightly on Sunday evening as Wall Street prepared for the start of the second quarter. Futures tied to the Dow Jones Industrial Average added 110 points, or 0.3%, while S&P 500 futures and Nasdaq-100 futures gained 0.3% and 0.5%, respectively. The personal consumption expenditures price index , released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, which is in line with expectations. The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago, the Commerce Department said. "This showcases progress on inflation is slow-moving and provides one more bullet in the bandolier of those who are calling the bluff on the Fed's next rate cut," said Giuseppe Sette, Toggle AI's co-founder and president. "As a reminder, the Fed keeps rates consistently higher than inflation, except when they foresee a slo...