U.S. stock futures are pointing to a higher open this morning, buoyed by signs of cooling inflation. This positive sentiment comes as investors anticipate the latest Personal Consumption Expenditures (PCE) inflation data.
Stocks to Watch: * Intel Corporation and Capital One Financial Corporation are both scheduled to report earnings today. * Moderna, Inc. is on watch after surging nearly 16% yesterday to become a top S&P 500 performer. * Alibaba Group Holding Limited is in focus as it prepares to list its chipmaking division. * Credo Technology Group Holding Ltd., AST SpaceMobile, Inc., and Reddit Inc. are notable pre-market movers to the downside.
Looking ahead, the key focus will be on the PCE inflation report, as this is a crucial indicator for the Federal Reserve's future policy decisions.