Stock futures showed a positive trend on Thursday as the market aimed to continue its slight rebound, with significant economic data on the horizon.
Futures linked to the Dow Jones Industrial Average rose by 53 points, or 0.1%. Similarly, S&P 500 futures and Nasdaq-100 futures each saw a 0.1% increase.
In the previous trading session, stocks experienced a rally, although it fell short of completely offsetting the losses incurred during Tuesday’s sell-off following an inflation report that exceeded expectations. The S&P 500 managed to surpass the 5,000 mark, closing slightly above it. Investors are now assessing the ability of the Federal Reserve to tame inflation without stalling the economy, which has been continually outperforming expectations.
Source (CNBC)
