Stock Futures Flat Ahead of Inflation Reports; Oil Prices Rise
Stock futures remained near flat on Wednesday evening ahead of the release of key inflation data this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq-100 all showed minimal gains or no change in their respective futures contracts. The broader market had fallen for a third consecutive day due to rising Treasury yields and higher oil prices driven by U.S.-Iran tensions. The yield on the 10-year Treasury note climbed to its highest level since November 2023, while Brent crude and WTI crude both reached multi-month highs. Traders are closely watching two inflation reports this week: Thursday's producer price index (PPI) is expected to show a monthly gain of 0.3%, with the consumer price index (CPI), due on Friday, projected at a 0.4% rise for August.
Topics: inflation reports oil prices stock market treasury yields