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The relief rally sparked by Thursday’s producer price index report is teetering on the edge.
The negative mood on Wall Street may persist as investors await the release of another inflation report, which will have significant implications for the near-term trend in cons
Stock futures are all in the green early Wednesday as traders factor in tame March inflation data. A hotter-than-expected number may not result in a big pullback, given the recent consolidation, said value investor and New York University Professor Aswath Damodaran.
Traders are bracing for a lackluster Tuesday, going by weak stock futures, as they navigate conflicting signals.
U.S. stocks are expected to open lower on Monday, reversing the gains made on Friday.