Futures were little changed on Wednesday as caution prevailed after a steadily positive start to 2023 and with traders eyeing CPI report due Thursday.
U.S. stock futures were slightly firmer as the market consolidated after a positive start to 2023 and traders looked to Thursday’s inflation report.
How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA rose 186 points, or 0.56%, to 33704, the S&P 500 SPX increased 27 points, or 0.7%, to 3919, and the Nasdaq Composite COMP gained 107 points, or 1.01%, to 10743. The uptick comes after Wall Street’s benchmark fell nearly 20% during 2022 in response to the Federal Reserve raising borrowing costs by 425 basis points, from zero in March, as it strived to tackle four-decade-high inflation.
With no notable U.S. economic scheduled for Wednesday, traders attention inevitably skips to Thursday’s important December consumer prices report.
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