Stock market futures showed gains on Thursday as investors anticipated further economic data releases following a modest rebound from the previous day.
Futures associated with the Dow Jones Industrial Average increased by 53 points, representing a 0.1% rise, while S&P 500 futures saw a 0.1% uptick and Nasdaq 100 futures showed a 0.2% gain.
After a strong rally on Wednesday, the market was able to recover some ground lost during Tuesday’s sell-off, triggered by a higher-than-expected inflation report. The S&P 500 managed to surpass the 5,000 level, closing just above it. Investors are now assessing the Federal Reserve’s ability to alleviate inflationary pressures without negatively impacting the unexpectedly strong economic growth.
Source (CNBC)
