Stock index futures slip ahead of PCE report (SPX:)

U.S. stock index futures drifted lower, with S&P 500 futures down 0.1%, Dow futures off 0.2%, and Nasdaq 100 futures falling 0.6% as investors digested macro data, including personal income and outlays. The move points to a cautious, mildly risk-off tone ahead of further interpretation of the economic reports. The Nasdaq 100 futures decline was the largest among the major indexes, suggesting some pressure on growth-sensitive stocks.

Analysis

U.S. stock index futures drifted lower, with S&P 500 futures down 0.1%, Dow futures off 0.2%, and Nasdaq 100 futures falling 0.6% as investors digested macro data, including personal income and outlays. The move points to a cautious, mildly risk-off tone ahead of further interpretation of the economic reports. The Nasdaq 100 futures decline was the largest among the major indexes, suggesting some pressure on growth-sensitive stocks.