Today marks the final trading day of the month, and futures were indicating that Wall Street would open lower. That said, all three major averages were slated to log gains for July as a whole.
Investors are now digesting the Federal Reserve’s darling inflation gauge, which reflects the latest look at core personal consumption expenditures.
Meanwhile, companies like Chevron and Procter & Gamble reported better-than-expected earnings and saw their shares increase 1.5% and 1% in the premarket, respectively.
Amazon, on the other hand, warned that it expected its growth to stall some in the third quarter.
And the CDC is slated to release data today that attempts to explain its latest rule reversal on masks.