Stock futures tick higher ahead of key inflation data expected this week: Live updates

CNBC

3 days ago

Traders work on the floor of the New York Stock Exchange on July 23, 2025.
NYSE
U.S. stock futures inched higher Sunday night, with the market once again on the cusp of all-time highs ahead of a week of key inflation reports.
Dow Jones Industrial Average futures rose by 56 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures climbed 0.1% and 0.1%, respectively.
Those moves come after the Nasdaq Composite ended last week at fresh closing highs, and the S&P 500 closed on the threshold of another milestone. The Dow also finished the week on a high note. A rally in Apple shares — which have been a significant laggard this year — helped bolster the market.
The latest advance has some investors wondering how much longer the stock market can skirt pitfalls, given sky-high valuations, a dimming macroeconomic outlook, tariff fallout, and seasonal weakness that has many investors cautious on the market.
"We are probably going to be more in a digestion phase than anything else," said Jay Woods, chief global strategist at Freedom Capital Markets. He added, "We may get a little bit of sideways action in this market, which is not a bad thing."
Inflation readings this week will prove a key hurdle for a broad market index near record highs. The consumer price index, which is set to be released Tuesday, and the producer price index, due out Thursday, will be critical in shaping the outlook for the direction of interest rates, especially for the Federal Reserve's September meeting. Hotter inflation prints could hinder the market's advance.
"The most important thing is the CPI data," Woods said. "That will definitely dictate monetary policy."
The inflation data comes ahead of the Fed's Jackson Hole meeting in Wyoming on Aug. 21-23, which will likely set the tone for the September meeting.
Visitors visit the NVIDIA booth at the 3rd China International Supply Chain Expo in Beijing, China, on July 20, 2025.
Nurphoto | Nurphoto | Getty Images
Chip giant Nvidia pushed back Sunday in response to allegations from Chinese state media that its H20 artificial intelligence chips are a national security risk for China.
Earlier in the day, Reuters reported Yuyuan Tantian, an account affiliated with Chinese state broadcaster CCTV, said in an article published on WeChat that the Nvidia H20 chips are not technologically advanced or environmentally friendly.
"When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the Yuyuan Tantian article reportedly said, adding that the article said chips could achieve functions including "remote shutdown" through a hardware "backdoor."
In response, a Nvidia spokesperson told CNBC that "cybersecurity is critically important to us. NVIDIA does not have 'backdoors' in our chips that would give anyone a remote way to access or control them."
Nvidia on Tuesday rejected similar accusations.
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— Pia Singh
U.S. stock futures opened slightly higher Sunday night.
Dow Jones Industrial Average futures rose by 56 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures climbed 0.1% and 0.1%, respectively.
— Sarah Min