Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

Dow futures tick higher as CPI eases

Published 10/08/2023, 23:52
© Reuters.

Investing.com - U.S. stock futures were trading slightly higher during Thursday's evening deals as traders digested easing inflation pressures in July’s consumer inflation report ahead of wholesale price data.

By 18:45 ET (22:45 GMT), Dow Jones futures and S&P 500 futures were up by 0.1% apiece while Nasdaq 100 futures lifted 0.2%.

In extended deals, Cano Health (NYSE:CANO) tanked 50%, reporting Q2 losses of $0.51 per share versus expected losses of $0.11 per share while revenue came in at $766.7 million versus $829M expected.

Pagaya (NASDAQ:PGY) lifted 25% after the company reported Q2 EPS of $0.00 versus expected losses of $0.03 per share. Revenue was reported at $185.69M versus $188.94M expected.

Maxeon Solar Technologies (NASDAQ:MAXN) fell 19% after reporting Q2 losses of $0.03 per share versus expected losses of $0.07 per share, while revenue came in at $348.4M versus $378.23M expected.

Ahead in Friday's session, market participants will be monitoring producer price index data as well as preliminary Michigan consumer sentiment and expectations data.

During Thursday’s regular trading session, the Dow Jones Industrial Average added 52.8 points or 0.2% to 35,176.2, the S&P 500 was little changed at 4,468.8, and the Nasdaq Composite added 16 points or 0.1% to 13,738.

Among data releases, July’s consumer price index came in at 3.2%, slightly below 3.3% forecasted, while core CPI rose 4.7% from the prior year.

On the bond markets, United States 10-Year rates were at 4.107%.

 
 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.