NASDAQ 100 Futures Rise on In-Line July Inflation Data
U.S. stock futures advanced after July’s consumer price index matched expectations, with NASDAQ 100 futures adding 0.75% in premarket trade.
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NASDAQ 100 futures climbed on Wednesday after the latest U.S. inflation reading came in as expected. The July consumer price index (CPI) report, released an hour before the regular session, showed inflation remains under control, giving a boost to growth-oriented equities.
The tech-heavy index futures rose 0.75% in premarket trading immediately following the data. The in-line print offered reassurance to markets that the Federal Reserve’s tightening cycle is not facing an upside surprise from consumer prices.
Source: FXStreet Forex News