Futures Move To The Upside Following Tamer-Than-Expected Inflation Data
Treasury yields eased as traders awaited the August personal consumption expenditures inflation reading, with Dow E-minis up 0.18% and S&P 500 E-minis up 0.1%.
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US stock futures inch up as yields ease, inflation report looms
Futures Move To The Upside Following Tamer-Than-Expected Inflation Data
After ending yesterday's choppy trading session modestly lower, stocks are likely to move to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent.
Wall Street is expected to open higher on Wednesday as US GDP rose in the second quarter while the Fed's preferred inflation measure came in lower than expected for August.
Dow Jones Today: Dow Futures Gain 0.18% to 53,061 as Yields Ease Ahead of US Inflation Data; Nvidia, Oil Prices Drive Wall Street Outlook; Check What Investors Should Know
Dow Jones Today: Dow futures gain 0.18% as Treasury yields ease ahead of US PCE inflation data. Check Nvidia, oil prices, Fed rate outlook and Wall Street updates.
Stock Market Today: Wall Street Holds Its Breath Before Inflation Report
TLDR Dow, S&P 500, and Nasdaq futures were little changed Wednesday ahead of the PCE inflation report. Treasury yields hit multidecade highs, with the 30-year topping 5.6% and the 10-year near 5.3%. Odds of an October Fed rate hike fell to about 49%, down from 71% earlier in the week. New York Fed...
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