Stock market futures in the U.S. saw an increase on Thursday as traders prepared for the upcoming inflation report. The Dow Jones Industrial Average futures rose by 130 points, or 0.3%, while S&P 500 futures and Nasdaq-100 futures both showed gains of 0.3% and 0.5% respectively.
One notable development was the 12% surge in shares of the trading platform Robinhood, following a report of a 16% rise in assets under custody for the company in February. Meanwhile, electric vehicle startup Fisker experienced a 37% drop after reports of hiring restructuring advisors in preparation for potential bankruptcy proceedings.
Investors are keeping an eye on the producer price index (PPI) for February, which is scheduled to be released at 8:30 a.m. ET. This key metric measures wholesale inflation, with economists surveyed by Dow Jones forecasting a 0.3% growth in the headline PPI for February, or 0.2% growth when excluding food and energy prices.
The upcoming release of the PPI report holds significance as it is the last major economic data before the Federal Reserve’s upcoming policy meeting on March 19-20.
Source (CNBC)
