U.S. Equity Futures Hold Near Flat as Traders Await 8:30 a.m. Retail Sales, Jobless Claims
Updated
Updated · CNBC · Jul 15
U.S. Equity Futures Hold Near Flat as Traders Await 8:30 a.m. Retail Sales, Jobless Claims
3 articles · Updated · CNBC · Jul 15
Summary
Dow futures edged up 15 points, or 0.03%, Wednesday night, while S&P 500 and Nasdaq 100 futures added 0.05% and 0.11% after a broad rally in regular trading.
That rally followed softer-than-expected producer prices, lower Treasury yields and strong bank earnings, reinforcing bets the Federal Reserve can keep rates on hold.
Investors now turn to Thursday's 8:30 a.m. ET retail sales and jobless claims for evidence the economy is cooling enough to contain inflation without sliding into a sharper downturn.
UnitedHealth reports before the bell and Netflix after the close, keeping earnings in focus as strategists say sluggish employment and steady-to-lower yields would best support a broader stock-market advance.