🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Dow futures trade flat; PPI data and retail sales ahead

Published 14/09/2023, 09:16 am
© Reuters.

Investing.com - U.S. stock futures were trading steady during Wednesday's overnight deals, following a mixed session for major benchmark indices as traders digested fresh inflation data, higher yields and a fading tech rally.

By 7:15pm ET (11:15pm GMT) Dow Jones Futures were flat while S&P 500 Futures and Nasdaq 100 Futures added 0.1% apiece.

Ahead in Thursday's session, market participants will be watching for PPI data, retail sales, business and retail inventories and the Fed's balance sheet.

Among earnings, companies including Adobe Systems Incorporated (NASDAQ:ADBE), Copart Inc (NASDAQ:CPRT) and Lennar Corporation (NYSE:LEN) are scheduled to report quarterly results.

During Wednesday's regular trade, the Dow Jones Industrial Average finished 70.4 points or 0.2% lower at 34,575.5, the S&P 500 ticked 0.1% higher to close at 4,467.4 and the NASDAQ Composite gained 34 points or 0.3% to 13,813.6.

On the data front, headline inflation came in at 3.7% versus 3.6% expected, with 96% of analysts still expecting Federal Reserve policymakers to hold rates at current levels during next week's meeting.

On the bond markets, United States 10-Year rates were at 4.524%.

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.