U.S. stock index futures were steady on Wednesday night, October 9, as investors awaited the September Consumer Price Index report.
Futures tied to the Dow Jones Industrial Average lost 14 points. S&P 500 futures fell 0.09%, and Nasdaq 100 futures fell 0.1%.
The S&P 500 and Dow Jones closed Wednesday with fresh record closes. The broad-market index rose 0.71%, also hitting an all-time high during trading, while the 30-stock Dow Jones Industrial Average jumped more than 400 points, or 1%.
Big tech stocks were notable gainers, lifting the Nasdaq Composite Index 0.6% during the session.
Investors will be closely watching the September consumer price index report due Thursday morning for further signs that inflation is slowing. Economists polled by Dow Jones are forecasting a 0.1% monthly gain and a 2.3% annual increase.
The outcome will also inform the Fed’s next policy steps at its November meeting. Fed funds futures trading data suggest a roughly 70 percent chance of a quarter-point cut, according to CME Group’s FedWatch tool.
Other economic releases due Thursday morning include weekly initial jobless claims. Wall Street will also be looking ahead to Delta Air Lines' quarterly earnings release on Thursday before the bell.
