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Dow futures flat, CPI in focus as inflation expected to ease

Wall Street analysts reflect positively on Meta layoffs, see attractive valuation

© Reuters

By Oliver Gray 

biedexmarkets.com – U.S. stock futures were trading steady during Wednesday’s evening deals, after major indices finished higher as investors look ahead to key inflation data and how it may affect the U.S. Federal Reserve’s current rate-hike path.

By 6:30pm ET (11:30pm GMT) and were trading flat while ticked 0.1% lower.

In extended deals, KB Home (NYSE:) fell 2.6% as the company Q4 EPS of $2.47 versus $2.87 expected, while revenues were reported at $1.94 billion versus $1.98 billion expected.

Ahead in Thursday’s session, investors will be focused on the December print, with economists predicting the annualized rate to fall to fresh yearly lows of 6.5% from 7.1% in the previous month. In addition, data and a from FOMC member Harker will also be closely watched.

During Wednesday’s regular trade, the added 268.9 points or 0.8% to 33,973, the lifted 50.3 points or 1.3% to close at 3,969.6 and the rallied 189 points or 1.8% to 10,931.7.

On the bond markets, rates were trading near 3-week lows of 3.543%.

Written by biedexadmin