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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
U.S. stock futures traded lower as investor focus shifted toward upcoming inflation data. These inflation prints are widely expected to set the stage for the Federal Reserve's critical policy decision scheduled for next week. Meanwhile, U.S. tech stocks appeared set to extend the losses they recorded during Tuesday's session.
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Sign InThis market caution follows a string of mixed economic signals, including the ADP Employment Change report on June 3, 2026, which showed 122,000 jobs added, beating the 117,000 forecast per market data. Additionally, the ISM Services PMI posted a robust reading of 54.5 on the same date, suggesting resilient economic activity that may complicate the Fed's efforts to cool inflation.
Traders should watch the upcoming CPI release for May 2026 as the primary catalyst for market direction ahead of the Fed meeting. According to the economic calendar, further speeches from Fed officials will also be closely monitored for hints regarding the terminal rate. Market sentiment remains fragile with a bearish tilt in futures until the inflation trajectory becomes clearer.