Stock index futures were higher, Treasury yields and the dollar lower, as investors hoped data Wednesday will show inflation at its slowest pace in two years.
U.S. stock futures were higher ahead of data expected to show U.S. inflation at its lowest level in more than two years.
How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA rose 317 points, or 0.93%, to 34261, the S&P 500 SPX increased 30 points, or 0.67%, to 4439, and the Nasdaq Composite COMP gained 75 points, or 0.55%, to 13761. Confirmation that inflation has dropped to its lowest since March 2021 — down from a multi-decade peak of 9.1% just over a year ago — will encourage investors to believe the end of the Federal Reserve’s rate hiking campaign in in sight, potentially providing an additional boost for stocks.
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