Stock futures gained as investors awaited the first CPI inflation report under the Trump administration.
Futures on the S&P 500 (ES=F) climbed 0.8%, while Dow Jones Industrial Average futures (YM=F) rose 248 points, or 0.6%. Those on the tech-heavy Nasdaq 100 (NQ=F) led, advancing 1% higher, after a jittery session Tuesday.
The Consumer Price Index, set for release at 8:30 a.m. ET, may be the latest event to put pressure on stocks as investors mount concerns of a US economic downturn. The report is expected to show price increases moderated in February.
Yahoo Finance’s Allie Canal writes:
