U.S. stock futures saw a little increase on Wednesday as investors sought to sustain a postelection surge following the release of a significant inflation data that met expectations.
Along with Nasdaq 100 futures, S&P 500-related futures saw a 0.2% increase. The Dow Jones Industrial Average futures crept up 0.2%, or 95 points.
As expected by experts surveyed by Dow Jones, the October consumer price index increased slightly to an annual pace of 2.6%. Core prices, which do not include food and energy, increased 3.3% last month, matching forecasts.
Fed fund futures contracts showed that most traders were still anticipating another rate drop by the Fed next month after the announcement.
Source (CNBC)
