According to the Associated Press, trading was uneven on Wall Street this morning ahead of new inflation data for the Federal Reserve to consider before its next policy meeting later this month.
Futures for the Dow Jones Industrial Average ticked up 0.1% before the bell, while the S&P 500 were essentially unchanged.
U.S. consumer prices for June are due out on Wednesday, with forecasts calling for an annual increase of just over 3% compared with 4% the month before. On Thursday, the government reports on prices at the wholesale level.
The week will also bring new quarterly earnings reports from Delta Air Lines, PepsiCo, and big banks like Wells Fargo, JPMorgan, and Citigroup.
A lot is riding on whether the economy can navigate the narrow pathway to avoid a long-predicted recession. It needs to keep growing despite much higher interest rates instituted by the Federal Reserve to bring down inflation.
In other trading today, U.S. benchmark crude oil fell 48 cents to $73.38 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the pricing basis for international trading, gave up 42 cents to $78.05 per barrel.
The U.S. dollar ticked down to 142.14 Japanese yen from 142.17 yen.
