Shares mostly retreated today, the Associated Press reports, as investors awaited updates on consumer spending and inflation in the U.S. Dow futures were down 0.1% at 35,393.00, and S&P 500 futures slipped 0.1% to 4,561.75.
Traders have recently grown cautiously optimistic that inflation has cooled enough for the Federal Reserve to finally be done with its market-crunching hikes to interest rates. The Fed will get another big update this week when the government releases its October report for a key inflation measure tracked by the central bank.
Benchmark U.S. crude declined 43 cents to $75.11 per barrel in electronic trading on the New York Mercantile Exchange. It fell $1.56 to $75.54 per barrel on Friday. Brent crude, the international standard, fell 44 cents to $80.04 per barrel.
The U.S. dollar inched down to 149.09 Japanese yen from 149.53 yen.
