Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Dow futures tick higher on easing CPI

Published 13/07/2023, 08:48 am
© Reuters
US500
-
DJI
-
FAST
-
PGR
-
PEP
-
ESH25
-
1YMH25
-
NQH25
-
DAL
-
IXIC
-
MLKN
-
US10YT=X
-

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%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.