Stock futures are flat as the market set to enter last week of June near a record: Live updates

The S&P 500's current streak without a 2% sell-off is significant because it is the longest stretch for the benchmark since the great financial crisis. This lack of volatility has some analysts questioning whether investors might be overdue for a larger drop, as historical data shows that streaks of low volatility have often persisted for much longer, but investors have sometimes paid the price eventually.

Economists expect no change in the May personal consumption expenditures price index and a minimal 0.1% gain in the core measure that excludes food and energy1. The report is also projected to show 2.6% annual advances in both the overall and core gauges. The expected increase in the core measure would remain the smallest since March 2021.