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Dow futures tick 0.1% higher ahead of CPI and earnings

Published 04/12/2023, 06:38 AM
© Reuters
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By Oliver Gray

Investing.com - U.S. stock futures were trading slightly higher during Tuesday's evening deals after a mixed session among major benchmark averages as tech slipped while energy and financial companies lifted ahead of closely watched inflation data due later in Wednesday's session.

By 18:30 ET (22:30 GMT) Dow Jones futures, S&P 500 futures, Nasdaq 100 futures were each trading 0.1% higher.

Ahead in Wednesday's trade, analysts are expecting March's annualized CPI reading to come in at 5.2% versus 6% in the previous month. In addition, the Federal budget balance and minutes from the latest FOMC meeting will also be monitored by market participants.

Later in the week, earnings season is slated to kick off with major financial companies JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), and Wells Fargo & Company (NYSE:WFC) set to report results alongside UnitedHealth Group Incorporated (NYSE:UNH).

During Tuesday's regular trade, the Dow Jones Industrial Average added 98.3 points or 0.3% to 33,684.8, the S&P 500 finished flat at 4,109, and the Nasdaq Composite slipped 52.5 points or 0.4% to 12,031.9.

On the bond markets, United States 10-Year rates were at 3.432%.

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