Wall Street futures ticked up early Monday as traders awaited two government inflation reports that could influence the Federal Reserve’s next interest rate decision this month, the Associated Press reports.
Futures for the S&P 500 and Dow Jones Industrial Average each rose 0.2% before the bell, while Nasdaq futures climbed 0.4%.
The Labor Department will issue its producer prices report on Wednesday, followed by its consumer prices report Thursday. The Fed meets on Sept. 16 and 17, when it is expected to announce a rate cut.
In equities trading Monday, EchoStar shot up nearly 24% before the bell on news that it had reached a deal to sell $17 billion worth of spectrum licenses to Elon Musk’s SpaceX.
Applovin and Robinhood each gained around 9% after S&P Dow Jones announced the two companies would be joining the S&P 500.
