| U.S. stock futures edged higher at the start of a week loaded with economic data that could shape interest rate expectations, while enthusiasm around artificial intelligence continued to lift tech stocks. The Nasdaq Composite closed at a record high last week, helped by a sharp rally in Apple and ongoing optimism over AI leaders like Nvidia, which reportedly agreed to share 15% of its China AI chip sales with the U.S. government.
This week’s focus includes CPI on Tuesday, PPI on Thursday, and retail sales and consumer sentiment data on Friday, all set against a backdrop of cooling labor market signals and mixed inflation pressures. Fed Governor Michelle Bowman reiterated support for rate cuts, highlighting employment softness over inflation concerns.
Week 32 results:
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