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🌎STOCKS SHOW LACK OF DIRECTION

🌎STOCKS SHOW LACK OF DIRECTION

Day: 08 | Time: 15:11:22 After last week's strong performance, stocks may show a lack of direction in the early hours of Monday. Major index futures indicate a slightly higher opening for the markets, with S&P 500 futures up 0.1%. Traders may be hesitant to make significant moves as they await some important economic events this week that could have a significant impact on interest rate prospects. Reports on consumer and producer prices for June will be in focus in the coming days. The Department of Labor's report on consumer prices is expected to show a slowdown in the annual pace of price growth, which could strengthen optimism for a rate cut in September. Traders will also likely pay close attention to Federal Reserve Chairman Jerome Powell's testimony to Congress this week, looking for clues on interest rate prospects.