Dow futures tick higher as CPI eases

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Dow futures tick higher as CPI eases
Credit: © Reuters.

Investing.com - U.S. stock futures were trading slightly higher during Thursday's evening deals as traders digested easing inflation pressures in July’s consumer inflation report ahead of wholesale price data.

By 18:45 ET (22:45 GMT), Dow Jones futures and S&P 500 futures were up by 0.1% apiece while Nasdaq 100 futures lifted 0.2%.

In extended deals, Cano Health (NYSE: CANO ) tanked 50%, reporting Q2 losses of $0.51 per share versus expected losses of $0.11 per share while revenue came in at $766.7 million versus $829M expected.

Pagaya (NASDAQ: PGY ) lifted 25% after the company reported Q2 EPS of $0.00 versus expected losses of $0.03 per share. Revenue was reported at $185.69M versus $188.94M expected.

Maxeon Solar Technologies (NASDAQ: MAXN ) fell 19% after reporting Q2 losses of $0.03 per share versus expected losses of $0.07 per share, while revenue came in at $348.4M versus $378.23M expected.

Ahead in Friday's session, market participants will be monitoring producer price index data as well as preliminary Michigan consumer sentiment and expectations data.

During Thursday’s regular trading session, the Dow Jones Industrial Average added 52.8 points or 0.2% to 35,176.2, the S&P 500 was little changed at 4,468.8, and the Nasdaq Composite added 16 points or 0.1% to 13,738.

Among data releases, July’s consumer price index came in at 3.2%, slightly below 3.3% forecasted, while core CPI rose 4.7% from the prior year.

On the bond markets, United States 10-Year rates were at 4.107%.

 

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