Stock market investors are anticipating the release of inflation data and the end of a strong first half of the year in the US Markets. S&P 500 futures went up by 0.4%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures saw an increase of 38 points, or 0.1%.

Nike’s premarket shares experienced a drop of over 14% after the company revised its full-year guidance, and Foot Locker shares also fell by 5%. On Wall Street, there was minimal activity as investors geared up for the release of May’s core personal consumption expenditures price index (PCE) on June 28th, Friday morning.

The Dow and S&P 500 showed a slight increase of about 0.1%, while the Nasdaq Composite advanced by 0.3%.

Inflation data is crucial as investors aim to forecast when the Fed will commence interest rate cuts. They will also closely monitor spending, personal income, and consumer sentiment releases throughout the morning.

June 28, Friday signifies the conclusion of the trading week, month, quarter, and the first half of 2024. In the first half, the Nasdaq Composite increased by around 19%, the S&P 500 rose by nearly 15%, and the Dow grew by just under 4%.

The Dow’s underperformance is attributed to a pullback in the second quarter, with a decline of more than 1.6%. In the same period, the S&P 500 and Nasdaq have increased by more than 4% and 9% respectively.

June has seen an upward trend for all three indices. The Nasdaq has led with a month-to-date increase of more than 6%, and the S&P 500 and Dow have risen by over 3% and 1% respectively. In just this week, the Nasdaq has grown by almost 1%, the S&P 500 by approximately 0.3%, and the Dow is close to break-even.