The first quarter’s preliminary gross domestic product reading is on deck for Thursday.
U.S. stock futures fell on Wednesday night after tech juggernaut Meta Platforms reported its latest quarterly results. Traders also looked ahead to the release of key economic data later this week.The moves follow a mixed day for the stock market, as rising Treasury yields on Wednesday placed downward pressure on stocks. TheTraders will watch out for the first-quarter reading of the U.S. gross domestic product, due at 8:30 a.m. ET Thursday.
March's personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, will be issued on Friday. Economists are calling for a monthly increase of 0.3% and a jump of 2.6% from a year earlier. These data points will inform the central bank's path forward on interest rate policy.
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