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Stock Futures Tick Higher After Indices Rebound

·1 min read

By Oliver Gray

Investing.com - U.S. stock futures lifted slightly during Wednesday’s evening deals, with major benchmark indices bouncing back during the regular session after a hotter-than-expected inflation report on Tuesday caused the worst daily selloff since 2020.

By 7:00pm ET (11:00pm GMT) Dow Jones Futures were up 0.2%, S&P 500 Futures gained 0.3% and Nasdaq 100 Futures were up 0.4%.

Ahead in Thursday’s session, market participants will be looking ahead to fresh jobless claims, retail sales and import price data, as well as the Empire State manufacturing survey and the Philadelphia Fed manufacturing survey.

During Wednesday’s regular trade, the Dow Jones Industrial Average added 30.1 points or 0.1% to 31,135.1, the S&P 500 added 0.3% to finish at 3,946 and the NASDAQ Composite rose 0.7% to 11,719.7.

On the data front, Wednesday’s producer price index report showed a decrease in wholesale prices of 0.1% in August, in-line with analyst expectations.

On the bond markets, United States 10-Year rates were at 3.404%.

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