Futures dip as Intel forecast weigh on chip stocks; inflation data eyed
The benchmark S&P 500 and the blue-chips Dow were subdued on Friday as an in-line inflation print signaling continued moderation in price pressures helped offset an earnings gloom cast by a dour revenue forecast from Intel. The U.S. Commerce Department's report showed the personal consumption expenditure index - the Federal Reserve's preferred inflation gauge - rose moderately in December, keeping the annual increase in inflation below 3% for a third-straight month that could allow the central bank to start interest rate cuts this year. "Today's report, is clearly ma...
Source: yahoo.com
