Dow Futures Tick Higher After Indices Stage Major Reversal

  • Stock Market News
Dow Futures Tick Higher After Indices Stage Major Reversal
Credit: © Reuters.

By Oliver Gray - U.S. stock futures were trading mixed during Thursday’s evening deals, following a major rally among benchmark indices as the highly anticipated CPI reading came in hotter than expected at 8.2% but continued to cool slightly from 40-year highs.

By 19:10 ET (23:10 GMT) Dow Jones Futures were up 0.1%, S&P 500 Futures were flat, and Nasdaq 100 Futures were 0.1% lower.

In extended deals, Eargo Inc (NASDAQ: EAR ) lost 3.5%, Travere Therapeutics Inc (NASDAQ: TVTX ) fell 5.1%, and Imara Inc (NASDAQ: IMRA ) gained 22.5%.

Ahead in Friday’s session, investors will be closely monitoring retail sales and Michigan consumer sentiment data, while earnings from major financial companies include Citigroup Inc (NYSE: C ), Wells Fargo & Company (NYSE: WFC ), Morgan Stanley (NYSE: MS ), and JPMorgan Chase & Co (NYSE: JPM ).

During Thursday’s regular trading, the  Dow Jones Industrial Average added 827.9 points or 2.8% to 30,038.7, the S&P 500 gained 92.9 points or 2.6% to 3,669.9 and snapping 6 sessions of consecutive decline, while the NASDAQ Composite lifted 232.1 points or 2.2% to 10,649.2.

On the bond markets, United States 10-Year rates were at 3.95%.


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