"Stock Futures Slip as Investors Await Inflation Data: Live Updates"

US stock futures slipped as caution prevailed ahead of a crucial inflation report, with Dow Jones and S&P 500 futures sagging 0.3% and Nasdaq 100 futures dropping roughly 0.4%. Investors are awaiting the PCE inflation reading to guide expectations for interest rate cuts, while bitcoin continued its rally, nearing a fresh all-time high. Beyond Meat's stock soared over 60% in premarket trading after the plant-based meat company's CEO promised cost cuts in a turnaround bid, potentially fueled by a fierce short-covering rally due to its massive short position.