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Stock futures are little changed ahead of key inflation data: Live updates

Stock futures were little changed Sunday night as investors awaited a batch of economic data in the week ahead and earnings from two major tech companies.

Futures tied to the Dow Jones Industrial Average ticked lower by 2 points, or 0.01%. S&P 500 futures and Nasdaq 100 futures edged higher by 0.06% and 0.1%, respectively.

On Friday stocks finished a down week on a high note. The Dow gained 75.86 points, or 0.22%, to close at 34,576.59, while the S&P edged higher by 0.14% to snap a three-day losing streak and finish at 4,457.49. The Nasdaq

Composite eked out a 0.09% gain and settled at 13,761.53. All three indexes posted a losing week, however. It was the first negative week in three for the S&P and Nasdaq.

Investors are looking forward to key inflation data in the week ahead after a string of stronger-than-expected economic data points last week renewed worries that the Federal Reserve could raise rates more than previously expected. Traders are pricing in a roughly 4 in 10 chance of an increase in November after an anticipated pause in September, according to CME Group’s Fed Watch tool.

“Overall, the market will be looking for direction amid recent choppiness and concern that the economy is set to slow down in the coming quarters,” Yung-Yu Ma, chief investment strategist at BMO Wealth Management, told CNBC.

Wednesday and Thursday bring the latest consumer price index and producer price index readings, respectively. Investors are hoping for low readings, although both are expected to jump due to energy cost pressures.

“Both CPI and PPI inflation reports will highlight the importance of oil price, which has pushed toward the upper end of its one-year trading range,” Ma said. “A break above $90/barrel for WTI would start to cause concerns for future price pressures in the economy.”

Tech shares helped boost U.S. stock indexes Monday, despite pressure from higher yields on longer-term Treasurys.

Yields, which rise when bond prices fall, drifted higher overnight. They added to those gains around the start of U.S. trading, with investors continuing to scale back bets on future interest-rate cuts due to the stubbornly strong U.S. economy.The 10-year yield

The 10-year yield closed at 4.339%, above the nearly 16-year high it set last Thursday, to again mark its highest close since November 2007. Get today’s full markets roundup here.

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