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US stock futures held steady on Monday as investors look ahead to key inflation data this week that could influence the path for US monetary policy. Last week, the Dow fell 0.75%, the S&P 500 dropped 1.29% and the Nasdaq Composite tumbled 1.93%. Those losses came as a string of stronger-than-expected US economic data renewed fears that the Federal Reserve could tighten policy further. Markets are now seeing a nearly 50% chance of a rate increase in November after an anticipated pause in September. Traders will get a reading of consumer and producer inflation reports on Wednesday and Thursday, respectively. Retail sales and consumer sentiment data will also be released this week. Moreover, major technology firms Oracle and Adobe will report earnings on Monday and Thursday, respectively. Historically, the United States Stock Market Index 500 reached an all time high of 4818.62 in January of 2022. The Standard and Poor's 500, or S&P 500, is one of the most closely watched U.S. benchmark indices. The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States.