Dow futures tick higher ahead of CPI release
Investing.com — US stock futures were trading slightly higher during Wednesday's evening trade, following a positive session for major benchmark averages as focus turned toward Thursday's consumer price index data release.
By 6:30 pm ET (10:30 pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures each added 0.1% apiece.
Ahead in Thursday's session, market participants will be watching key CPI data, jobless claims and a speech from FOMC member Bostic.
Among earnings, companies including Fastenal Company (NASDAQ:FAST), Delta Air Lines Inc (NYSE:DAL), Domino’s Pizza Inc (NYSE:DPZ), Walgreens Boots Alliance Inc (NASDAQ:WBA) and Commercial Metals Company (NYSE:CMC) are scheduled to report earnings results.
During Wednesday's regular trade, the Dow Jones Industrial Average added 65.6 points or 0.2% to 33,804.9, the S&P 500 lifted 18.7 points or 0.4% to 4,376.9 and the NASDAQ Composite lifted 96.8 points or 0.7% to 13,659.7.
Among economic releases, annualized produce price data came in well above expectations at 2.2% while minutes from the latest FOMC meeting revealed that policymakers would continue with restrictive monetary policies until inflation pressures ease, with a majority of officials expecting one more 25-basis point hike to be appropriate over the next 2-year period.
On the bond markets, United States 10-Year rates continued to ease from recent 16-year highs, falling to 4.562%.
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