US stock futures were little changed on Monday as investors awaited new catalysts to drive momentum. Attention this week centers on the latest personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, which is expected to show subdued price pressures. Last week, the Dow advanced 1.05%, the S&P 500 gained 1.22% and the Nasdaq Composite jumped 2.21%, with all three indexes setting fresh record highs. Those gains followed the Fed’s widely anticipated quarter-point rate cut, its first since December, alongside guidance for two more reductions this year. Markets also monitored a lengthy call between President Trump and Chinese President Xi Jinping, where Trump cited progress on trade, fentanyl, and a potential TikTok agreement. On Sunday, Trump added that conservative media mogul Rupert Murdoch and his son Lachlan are likely to play a role in securing TikTok’s future in the US.
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