Traders work on the floor of the New York Stock Exchange on January 10, 2025 in New York City.
new york stock exchange
Stock futures were flat on Wednesday morning as traders awaited the release of December’s consumer price index, a key measure of inflation.
Futures linked to the Dow Jones Industrial Average It rose by 10 points (0.02%). S&P500 futures It was rising slightly, and Nasdaq 100 futures It rose by 0.12%.
Blue-chip stocks in the regular session Dow Although it increased by 221.16 points (0.52%), S&P500 Added 0.11%. On the other hand, declines in technology-related stocks weighed on the market. Nasdaq Compositedown 0.23%.
The move comes after December’s headline inflation report was lighter than expected. The producer price index rose just 0.2%, below the Dow Jones consensus estimate of a 0.4% rise.
Following the data release, investors are now turning their attention to December’s Consumer Price Index reading, which will be released at 8:30 a.m. ET on Wednesday. The headline CPI is expected to rise 0.3% on a monthly basis and 2.9% over the past 12 months, according to a survey of economists from Dow Jones. Inflation measures will be a consideration when the Federal Reserve sets interest rates later this month.
Fourth-quarter earnings season begins in earnest this week, with many major financial services companies scheduled to report results. black rock, JP Morgan Chase, wells fargo, goldman sachs and citygroup Results are expected to be announced before the opening bell on Wednesday.
“We’re confident that earnings will be strong,” said Jay Hatfield, founder of Infrastructure Capital Advisors. “The economy is doing well in the fourth quarter. Usually by then companies have learned whether they have a problem or not, and the Trump administration is pro-business, so they’ll probably be pretty optimistic about the future. So most CEOs They are quite optimistic about their predictions for 2025.”
