Stock market today: Live updates

U.S. stock futures were little changed Sunday night after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week.

Dow Jones Industrial Average futures fell by 15 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.05% and 0.12%, respectively.

The S&P 500 and Nasdaq closed at fresh records Friday, rising 0.96% and 3.34% for the week, respectively. The Dow was the lone laggard, closing the week down 0.6%.

Those moves come after the November jobs report showed stronger-than-expected growth, but not so much strength as to dent investor hopes the Federal Reserve will lower interest rates this month. The CME FedWatch Tool shows markets pricing in an 85% chance the target rate will be lowered by a quarter point at the conclusion of the Dec. 18 meeting.

“Everything else is working exactly the way the Fed wants,” Wharton School’s finance professor Jeremy Siegel told CNBC’s “Closing Bell” on Friday. “I think we’re going to have one rate cut on that December 18 meeting, but truthfully, I think only two or three rate cuts next year. I think this strength could last.”

The Fed is now in a blackout period ahead for commentary of its policy-setting meeting, but investors will get one final piece of insight into their decision-making with key inflation data set to be released this week.

The November consumer price index, due out Wednesday, is expected to show a slight uptick in pricing pressures. Economists polled by Dow Jones expect a 0.3% and 2.7% monthly and yearly increase, respectively. That would be up from 0.2% and 2.6%, respectively, from the prior month.

On Monday, investors will await October wholesale inventories data, due at 10 a.m. ET.

Corporate earnings continue on Monday, with Oracle’s results expected after the close.