Dow on Pace to Snap Winning Streak as Micron and Boeing Earnings Loom

The Dow Jones Industrial Average is on pace to snap its five-month winning streak. Stock futures are hovering near unchanged after two straight days of losses for major indexes.

The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures report, is due this morning and is expected to show that prices rose 3.7% in the 12 months through August, unchanged from the previous month.

Micron Technology will release its latest results after the closing bell, with analysts estimating revenue jumped 350% to $50.95 billion and adjusted earnings rose more than tenfold to $31.63 per share.

Boeing shares are rising after the company announced it has been selected to build a new generation of fighter planes for the U.S. Navy, worth north of $20 billion with delivery expected in the 2030s.