Market Prepares for Inflation Data and Earnings as Stock Futures Remain Steady
Stock futures were trading near the flat line on Wednesday evening, as investors awaited the latest inflation data and the beginning of the fourth-quarter earnings season. Futures tied to the S&P 500 inched up 0.04%, while Nasdaq 100 futures rose 0.1%. Dow Jones Industrial Average futures gained a mere 3 points, or 0.01%. The positive sentiment from the previous trading session, where all three major indexes experienced gains, carried over into after-hours trading. The S&P 500 increased by 0.57%, the Nasdaq Composite saw a 0.75% jump, and the Dow advanced by 0.45%. With the upcoming release of December’s consumer price index report, investors will be closely monitoring the data for clues on whether the Federal Reserve’s tightening measures have effectively curbed inflation.
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