09.09.202500:04:51UTC+00US Futures Steady After Strong Start to Week

US stock futures remained relatively stable on Tuesday following an increase in equity values during the previous session. Investors are gearing up for an eventful week filled with economic reports, highlighted by two significant inflation indicators that could shape the future trajectory of interest rates. The producer price index for August is set for release on Wednesday, with the consumer price index following on Thursday. On Monday, the Nasdaq Composite surged by 0.45% to reach a new record, primarily driven by advances in Nvidia and Broadcom, two leading chipmakers. Meanwhile, the Dow Jones Industrial Average and the S&P 500 saw gains of 0.25% and 0.21%, respectively. The underwhelming August employment report, along with other softer labor market signals, has increased the likelihood that the Federal Reserve will reduce interest rates at its meeting in September, with growing speculation of a potential 50 basis points cut. In corporate developments, Fox shares declined nearly 3% after Lachlan Murdoch gained control over the media group, following the resolution of a protracted trust dispute within the Murdoch family. Dell Technologies experienced a 1.2% decrease in its stock price after its Chief Financial Officer announced her resignation.