Dow futures steady after CPI eases

  • Stock Market News
Dow futures steady after CPI eases
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading flat during Thursday’s evening deals, after major benchmark averages extended gains as fresh CPI data showed cooling inflation pressures, boosting hopes that U.S. Federal Reserve officials may raise rates less aggressively at their next policy meeting .

By 18:40 ET (23:40 GMT) Dow Jones Futures and S&P 500 Futures were flat while Nasdaq 100 Futures ticked 0.1% lower.

In extended deals, RF Industries (NASDAQ: RFIL ) added 0.4% as the company reported Q4 EPS of $0.15 versus $0.11 expected while revenue came in at $23 million versus $22.26M expected.

Ahead in Friday’s session, market participants will be looking toward fresh Import and Export price index data as well as the University of Michigan’s Sentiment and Expectations surveys.

On the earnings front, major financial companies including JPMorgan Chase & Co (NYSE: JPM ), Wells Fargo & Company (NYSE: WFC ), Citigroup Inc (NYSE: C ), and Bank of America Corp (NYSE: BAC ) are set to report results, alongside BlackRock Inc (NYSE: BLK ), UnitedHealth Group Incorporated (NYSE: UNH ), and Delta Air Lines Inc (NYSE: DAL ).

During Thursday’s regular trading, the Dow Jones Industrial Average added 217 points or 0.6% to 34,190, the S&P 500 added 13.6 points or 0.3% to 3,983.2, and the NASDAQ Composite lifted 69.4 points or 0.6% to 11,001.1

On the bond markets, United States 10-Year rates were at 5-week lows of 3.444%.


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