Markets are ready to give back ground carved out over two sessions, with weekly jobless claims ahead.
U.S. stock futures were moving lower on Wednesday, as bond yields remained elevated and oil prices inched toward $121 a barrel.
On Tuesday, the Dow industrials DJIA climbed 264.36 points, or 0.8%, to close at 33,180.14. The S&P 500 SPX rose 1% to 4,160.68. The Nasdaq Composite COMP gained 113.86 points, or 0.9%, to end at 12,175.23. Read: Inflation is coming for middle-class households as higher prices hit big-box stores. Will they cut back on discretionary purchases?
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