Stock futures inch higher as Wall Street awaits another inflation report: Live updates

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

United States Headlines News

United States Latest News,United States Headlines

February’s reading of the producer price index is due on Thursday morning.

popped 8% after the company reported a 16% increase in assets under custody in February from the prior month. Troubled electric vehicle startupThese moves come after the major stock indexes ended Wednesday's session with mixed activity.Investors are watching out for February's producer price index, due Thursday morning before the bell. The metric is a measurement of wholesale inflation. Economists polled by Dow Jones anticipate that headline PPI grew by 0.3% in February, or 0.

The PPI report is the last major piece of economic data to be released prior to the Federal Reserve's upcoming policy meeting, set for March 19-20.The bigger market theme right now is the sell-off in the technology sector, according to Jay Woods, the chief global strategist of Freedom Capital Markets. Just two stocks in the Magnificent Seven cohort ended Wednesday higher —.

"The market has been able to withstand the lack of technology leadership and has broadened out. The Magnificent Seven story is over, thankfully," said Woods.have continued to fall amid weakened sales in the China market and a lack of artificial intelligence-adjacent incentives. Meanwhile, the House's— which could lead to a TikTok ban — may have larger ramifications both within the broader tech sector and in Chinese-linked equities.

On Thursday, investors will also be watching for the weekly jobless claims report and retail sales. Both data releases are due before the opening bell.Stocks making the biggest moves after hours: Robinhood, SentinelOne and more


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in US

United States Latest News, United States Headlines