Stock futures inched higher Monday as investors weighed a potential slowdown, or pause, from the Federal Reserve and braced for a busy earnings week.
Futures tied to the Dow Jones Industrial Average gained 75 points, or 0.22%. S&P 500 futures inched 0.15% higher, while Nasdaq 100 added 0.2%.
On Friday, the major averages rallied to finish the week after briefly losing the momentum of the January rally. The Nasdaq posted a slight gain for the week. However, the Dow and S&P each logged losing own weeks. All of the major averages remain in the green for the month. The Nasdaq is leading the others with a 6.44% year-to-date gain.
Investors have been weighing the possibility that the Fed is getting ready to slow the pace of its inflation-fighting rate hikes after economic data last week showed a decline in wholesale prices and retail sales.
