"Investors Await Inflation Data: Stock Market Updates"

Stock futures are near flat as investors await the producer price index after December's consumer price index came in slightly higher than expected, impacting market sentiment on potential interest rate cuts. Crypto-related shares took a hit following the SEC's approval of a rule change for bitcoin-related ETFs. Major indexes are heading for modest gains this week, with the Dow up 0.7%, S&P 500 up 1.8%, and Nasdaq up over 3%. Japanese stocks are outperforming U.S. stocks, and BlackRock's bitcoin ETF saw over $1 billion worth of trades on its first day. Implied probabilities from interest rate futures trading suggest increased expectations for Fed rate cuts in March, May, and June.