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Dow futures tick higher on easing CPI

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2 years ago

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July 12, 2023

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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 data boosted sentiment

By 6:50pm ET (10:50pm GMT) and lifted 0.1% apiece while gained 0.2%.

In extended deals, MillerKnoll, Inc. (NASDAQ:) fell 5.4% after the company 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 and data and well as a speech from the Fed’s .

Among earnings, companies including PepsiCo Inc (NASDAQ:), Progressive Corp (NYSE:), Delta Air Lines Inc (NYSE:) and Fastenal Company (NASDAQ:) are set to report quarterly earnings.

During Wednesday’s regular trade, the lifted 86 points or 0.3% to 34,347.4 the gained 32.9 points or 0.7% to 4,472.2 and the 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, rates were at 3.863%.

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