US Stock Futures Edge Higher Despite Inflation Concerns

Wall Street's hopes for an imminent interest rate cut were dashed after January's inflation report revealed a higher-than-expected rise in consumer prices. Despite this, US stock futures are trading modestly higher.

* Dow Jones futures (YM=F) are up 0.1%.
* Nasdaq futures (NQ=F) have gained 0.2%.
* S&P 500 futures (ES=F) are hovering 0.2% above their previous close.

The inflation data increases the likelihood that the Federal Reserve will maintain its current interest rate policy until inflation eases toward its target of 2%.

Company News

* Reddit (RDDT) shares fell in after-hours trading following a disappointing earnings report that revealed lower-than-expected user growth.
* Robinhood (HOOD), on the other hand, jumped after reporting better-than-expected fourth-quarter profits.

Upcoming Events

* The producer price index (PPI) will be released on Thursday at 8:30 a.m. ET. Analysts predict a modest increase of 0.3%.
* Earnings reports from AirBnB (ABNB), Roku (ROKU), and Coinbase (COIN) are also scheduled for Thursday.

Trade Concerns

President Donald Trump's trade war continues to cast a shadow over the markets. While an announcement of reciprocal tariffs has not yet been made, investors expect it to come later this week.