US stock futures edged higher despite hotter-than-expected January inflation, dimming hopes for Fed rate cuts soon.
- Dow futures up 0.1%, Nasdaq futures up 0.4%, S&P 500 futures up 0.2%.
- January CPI showed inflation at 3%, likely keeping Fed rates steady as it aims for 2%.
- Reddit (RDDT) shares fell after-hours on weak user growth, while Robinhood (HOOD) surged on strong Q4 profits.
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Investors await Thursday’s PPI report (8:30 a.m. ET), expected to show a 0.3% rise in wholesale prices. Earnings from Airbnb (ABNB), Roku (ROKU), and Coinbase (COIN) are also due.
Meanwhile, Trump’s trade war looms, with reciprocal tariffs expected by week’s end.