Dow futures tick higher on easing CPI
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Investing.com – U.S. stock futures were trading higher during Wednesday’s evening trade, following a positive session among major benchmark averages as cooling CPI data boosted sentiment
By 18:50 ET (22:50 GMT), Dow Jones futures and S&P 500 futures lifted 0.1% apiece, while Nasdaq 100 futures gained 0.2%.
In extended deals, MillerKnoll Inc (NASDAQ:MLKN) fell 5.4% after the company reported Q4 EPS of $0.41 versus $0.39 expected on revenues of $956.7 million versus $944.6 million expected.
Ahead in Thursday’s trade, market participants will be monitoring fresh PPI and jobless claims data as well as a speech from the Fed’s Waller.
Among earnings, companies including PepsiCo Inc (NASDAQ:PEP), Progressive Corp (NYSE:PGR), Delta Air Lines Inc (NYSE:DAL) and Fastenal Company (NASDAQ:FAST) are set to report quarterly earnings.
During Wednesday’s regular trade, the Dow Jones Industrial Average lifted 86 points or 0.3% to 34,347.4 the S&P 500 gained 32.9 points or 0.7% to 4,472.2, and the Nasdaq Composite added 158.3 points or 1.2% to 13,919.
Risk sentiment was boosted as closely watched consumer price index data came in slightly under expectations at 3%.
On the bond markets, United States 10-Year rates were at 3.863%.
