US stock futures traded mixed ahead of recent inflation reports.
Major index futures suggest a slight increase in the Dow as the opening bell rings.
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Investors will keep a close eye on US inflation data on Thursday. It focuses on the impact of ultra-low interest rates and other market support policies.
The Bureau of Labor Statistics is expected to say the consumer price index rose 0.4% year-on-year in May. Half month up 0.8% in April which is the highest since June 2009
year on year Looking at the 4.7 percent jump in prices, that would be the fastest annual growth in nearly 13 years and a half percent increase from a 4.2 percent increase in April. If you take into account the fluctuating food and energy costs The main consumer price index was likely to increase 0.4% last month. and is expected to increase by 3.4% year-on-year. This is the highest annual profit in 28 years.
The CPI comes shortly before next week’s meeting of the Federal Open Market Committee (Fed), which sets out interest rate policy and other measures.
Technology fills the gap as JOBS LAG GDP
At the same time on Thursday The Labor Department will issue a new number of unemployment benefits claims for the past week. Expectations were at 370,000, down from a coronavirus outbreak as low as 385,000 last week. The ongoing claim, which tracks the total number of unemployed workers collecting benefits, is expected to drop 169,000 to 3.602 million. The pandemic is expected to be low in mid-May.
In Europe, London’s FTSE was up 0.3%, Germany’s DAX was down 0.1% and France’s CAC was down 0.3%.
In Asia, Tokyo’s Nikkei 225 was up 0.3%, in Hong Kong, Hang Seng was down less than 0.1%, and China’s Shanghai Composite was up 0.5%.
|Me: DJI||Dow average||34447.14||-152.68||-0.44%|
|I:COMP||Nasdaq Composite Index||13911.750324||-13.16||-0.09%|
On Wednesday, falling banks and industrial firms pushed Wall Street shares to small losses after the early rise faded in the last half hour of trading. Backed by a large number of online retail investors, the “meme” stocks they know are volatile again.
The S&P 500 index fell 0.2% to 4,219.55, minus a small gain from the previous day. Minor movement of the benchmark index this week. This corresponds to the first weekly loss in three weeks. The Dow Jones Industrial Average rose 0.4% to 34,447.14, while the Nasdaq improved somewhat. ending at 0.1% at 13,911.75
GAMESTOP LAUNCHES NEW CEO, CFO LEADER IN E-COMMERCE TRANSFORMATION
GameStop, the original “meme” stock, said after the closing bell on Wednesday that it had brought in a pair of Amazon veterans as new chief executives and chief financial officers to aid in its much-anticipated digital turnaround. The company also reported less quarterly losses than a year ago due to higher revenues. The company’s shares fell 3 percent in after-hours trading.
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in other trades U.S. benchmark crude rose 3 cents to $70.00 a barrel in electronic trading on the New York Mercantile Exchange. It lost 9 cents to $69.96 a barrel on Wednesday.
International benchmark Brent crude rose 8 cents at $72.30 a barrel.
The Associated Press contributed to this report.