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Wall St futures sharply extend gains after inflation data
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. REUTERS/Brendan McDermid
(Reuters) – U.S. stock index futures sharply extended gains on Wednesday after data showed a further decline in consumer prices that raised bets that the Federal Reserve was nearing the end of its rapid interest rate hikes.
At 08:32 a.m. ET, were up 182 points, or 0.53%, were up 29.5 points, or 0.66%, and were up 124 points, or 0.81%.
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