Dow futures flat, CPI in focus as inflation expected to ease
© Provided by Investing.com
Dow futures flat, CPI in focus as inflation expected to ease
By Oliver Gray
Investing.com - U.S. stock futures were trading steady during Wednesday's evening deals, after major indices finished higher as investors look ahead to key inflation data and how it may affect the U.S. Federal Reserve’s current rate-hike path.
By 6:30pm ET (11:30pm GMT) Dow Jones Futures and S&P 500 Futures were trading flat while Nasdaq 100 Futures ticked 0.1% lower.
In extended deals, KB Home (NYSE:KBH) fell 2.6% as the company reported Q4 EPS of $2.47 versus $2.87 expected, while revenues were reported at $1.94 billion versus $1.98 billion expected.
Ahead in Thursday’s session, investors will be focused on the December CPI print, with economists predicting the annualized rate to fall to fresh yearly lows of 6.5% from 7.1% in the previous month. In addition, jobless claims data and a speech from FOMC member Harker will also be closely watched.
During Wednesday’s regular trade, the Dow Jones Industrial Average added 268.9 points or 0.8% to 33,973, the S&P 500 lifted 50.3 points or 1.3% to close at 3,969.6 and the Nasdaq Composite rallied 189 points or 1.8% to 10,931.7.
On the bond markets, United States 10-Year rates were trading near 3-week lows of 3.543%.
