US Futures Steady After Soft CPI, Markets Closed for Presidents’ Day

• US stock futures saw muted moves on Monday, February 16, with S&P 500 up 0.1%, Nasdaq 100 down 0.2%, and Dow up 0.2%.
• Markets were closed for Presidents’ Day, and thin trading followed softer-than-expected inflation data.
• Softer CPI data reinforced expectations for Federal Reserve interest rate cuts later this year, possibly as early as June or July.
• Wall Street experienced a weak stretch, with S&P 500 and Dow posting four losing weeks out of five, and Nasdaq five straight negative weeks.
• Concerns over AI-led disruption and upcoming Fed minutes and PCE inflation report are key investor focuses.