Futures on Wall Street soar
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US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report
The dollar fell and U.S. stock futures rose on Tuesday after data showed U.S. consumer inflation picked up less than expected in April, when President Donald Trump unveiled a raft of tariffs that have wreaked havoc on global supply chains and markets.
Stock futures fell in early Tuesday following a big rally, as investors look ahead to a key inflation report Tuesday morning. Futures on the Dow Jones Industrial Average inched down 108 points, or 0.25%. S&P 500 futures and Nasdaq 100 futures fell 0.4% and 0.46%, respectively.
Stock futures were mixed Tuesday after kicking off the week with massive gains fueled by a de-escalation in the trade spat between the U.S. and China.
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The pause in U.S.-China tariffs fueled a Monday stock rally. April's Consumer Price Index report was released at 8:30 a.m. ET, showing inflation slowed last month. Follow along for live updates on the Dow,
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Fed-funds futures on Tuesday morning showed traders anticipate the Federal Reserve may keep its benchmark interest rate steady at its next two policy meetings and then potentially reduce it in September.