Overview
- S&P 500, Nasdaq 100, and Dow futures were modestly higher ahead of the 8:30 a.m. ET Consumer Price Index release.
- Economists expect November CPI to rise about 3.1% year over year, with core inflation projected around 3%.
- Analysts cautioned that the November readings could be distorted by data-collection disruptions linked to the recent government shutdown.
- Micron shares jumped about 10% after a bullish profit forecast tied to tight memory supply and AI demand, lifting memory-related names.
- Tech sentiment remained tentative after an Oracle funding report pressured the sector in prior trading, even as chip stocks rebounded premarket.