U.S. stock futures were mixed on Wednesday, with traders sitting on their hands ahead of key inflation data. In the meantime, eyes will be on any further developments on the Israel-Hamas conflict. Dow Jones Industrial Average futures were down 10 points, or less than 0.
U.S. stock futures were edging up on Wednesday, with traders sitting on their hands ahead of key inflation data. Dow Jones Industrial Average futures were up 10 points, or less than 0.1%. After racking up major gains on Tuesday on the back of a cool reading for producer prices, markets are likely to take a breather on Wednesday until the main event with the release of the U.S. consumer-price index figures for July at 8:30 Eastern time.
Wall Street is looking to consolidate its recent rebound with a muted July inflation report.
Asian shares traded mixed Wednesday, as Japan’s benchmark perked but quickly ran out of steam from news the prime minister won’t seek re-election as head of the ruling party. Japan’s benchmark Nikkei 225 was down 0.1% in morning trading at 36,192.93. Japan’s ruling Liberal Democratic Party controls the majority in the lower house of parliament, which picks the nation’s leader.
- U.S. producer prices growth slowed more than expected on an annual basis in July, in the latest sign of cooling inflationary pressures in the world's largest...
Stock futures jumped and bond yields dropped after wholesale price inflation came in cooler than expected. The Bureau of Labor Statistics said the producer price index rose 0.1% in July on a seasonally adjusted basis.
-- Australian consumer sentiment improved in early August after the Reserve Bank kept interest rates unchanged and as the effects of recent tax breaks became more...
The big three indexes were all trading lower after opening higher Monday morning. The Dow was down 128 points, or 0.3%. The S&P 500 was down 0.2%, while the Nasdaq Composite was down 0.1%. The yield on the 10-year Treasury note was down to 3.