US stock futures ticked up on February 14, 2024, following a negative day on Wall Street driven by higher-than-expected US inflation data, which prompted a reassessment of bets on Federal Reserve interest rate cuts. Lyft shares experienced volatility after an erroneous press release, while Sony confirmed its plan to list its financial services division. Amazon founder Jeff Bezos sold more stock in the e-commerce giant, bringing the total value of his share sales over the past week to around $4 billion. Oil prices remained steady as traders assessed a significant build in US crude inventories and the strong US inflation reading.
US stock futures advanced slightly on February 14, 2024, indicating a small rebound on Wall Street after the worst day of the month so far, driven by a stronger-than-anticipated US inflation reading. The negative day on Wall Street led to a recalibration of bets on Federal Reserve interest rate cuts. [271f51a3]