Stock Futures Edge Higher as Inflation Report Looms

Stocks are poised to begin another week of trading in New York on Monday. (Michael M. Santiago/Getty Images)

Stock futures were edging higher on Sunday evening as investors prepared for a fresh batch of inflation data this week.

At just after 6 p.m. Eastern time, Dow Jones Industrial Average futures were up 50 points or about 0.1%. S&P 500 futures and Nasdaq futures were also up about 0.1%.

Inflation readings this week could add more fuel to the rally. The consumer price index for July is expected out on Tuesday, with expectations it will tick higher from June, and the producer price index will come out on Thursday. In addition, University of Michigan’s latest consumer sentiment reading is expected on Friday.

The stock market ended last week back around its highs on Friday, with the Nasdaq notching its second record close in as many days. The S&P 500 is just shy of its July 28 record.

The Dow Jones Industrial Average rose Friday but has yet to top its Dec. 4 record close of 45,014.04.

While the Federal Reserve doesn’t have a meeting on interest rate policy this month, officials including Chair Jerome Powell will meet in Jackson Hole, Wyo., later this month for an annual meeting.

Write to Liz Moyer at liz.moyer@barrons.com