Stock futures experienced a slight decline as investors awaited further details on the trade policy agreement between the U.S. and China. Additionally, the release of the May consumer inflation report was anticipated. Futures linked to the S&P 500 dropped by 0.16%, while Nasdaq 100 futures fell by 0.17%. Dow Jones Industrial Average futures lost 55 points, equating to 0.14%. Following discussions in London, U.S. and Chinese officials reached a consensus on trade. Treasury Secretary Scott Bessent left the discussions to testify before Congress. The market remains cautious regarding trade policy developments. Despite stock resurgence, concerns over tariffs and rising bond yields persist. Investors will gain further insights into the U.S. economy with the Bureau of Labor Statistics’ May consumer price index release. Economists predict a 0.2% month-over-month increase. A strong report could unsettle investors already concerned about inflationary pressures. — new from CNBC
