US Futures Rise After CPI
2026-01-13 13:51
By
Joana Taborda
1 min. read
US stock futures rose on Tuesday, with S&P 500 and Nasdaq 100 contracts gaining 0.3% each, while Dow Jones futures added about 70 points, after a softer-than-expected core CPI reinforced expectations that the Federal Reserve will continue cutting interest rates this year.
The December CPI report showed core inflation rose 0.2% on the month, while the annual core rate held steady at 2.6%, below forecasts of 0.3% and 2.7%, respectively.
Traders are pricing in two rate cuts this year, with the probability of a first reduction in April edging higher following the data.
Meanwhile, the earnings season got underway, with JPMorgan shares paring early gains to fall about 0.3% in premarket trading, despite reporting better-than-expected earnings and revenue.
Bank of New York Mellon slipped 0.1% as its results failed to impress investors.
Delta Air Lines dropped nearly 4.4% after forecasting adjusted earnings per share of $6.50–$7.50 for the year, below analysts’ estimate of $7.25.