- U.S. stock index futures were trading flat on Monday after hitting a closing high in the previous session, as investors waited for a fresh batch of earnings reports while sentiment was supported by upbeat consumer spending data.
However, the core personal consumption expenditures price index, which excludes the volatile food and energy components and is the Federal Reserve’s preferred inflation measure, remained steady at 0.1% in March. The Federal Open Market Committee will announce its interest rate decision at the end of a two-day meeting, starting Tuesday.
As trade talks enter their last leg, U.S. negotiators head to China on Tuesday to try to hammer out details to end the protracted tariff spat between the two countries. Among stocks, Walt Disney Co rose 1.5% after the debut of “Avengers: Endgame” over the weekend pushed total ticket sales for the superhero spectacle to $1.2 billion, crushing records in dozens of countries.