(Finance) – US futures stretch strongly to the upside after inflation databetter than expected, signaling a slowdown in price growth and a possible pause in the Fed rate hike cycle. An indication the market has been waiting for days.
The Future on Dow Jones thus marks a progress of 1.35% to 33.216 points, while that on S&P 500 advances by 1.7% to 4,193 points. Same setting for the contract on Nasdaq which marks a + 2.4% to 13.322 points.
Oil stocks data are also expected today as crude oil travels lower after private API reports signaled a higher-than-expected rise in stocks. Eyes also on the accounts of Disney and on the purchase of shares Tesla by the patron Elon Musk.