US Equity Futures Higher Pre-Bell Amid Inflation Data, Middle East Tensions
US equity futures were edging higher pre-bell Wednesday as traders considered the latest inflation data amid the continuing tensions in the Middle East. S&P 500 futures were up 0.1%, Nasdaq futures were 0.4% higher, while Dow Jones Industrial Average futures were steady. The US seasonally adjusted consumer price index, a measure of inflation, fell by 0.4% in June, compared with expectations for a 0.1% decrease in a survey compiled and following a 0.5% increase in May, government data showed. In a post on X, US Central Command said it started another wave of attacks against Iran at 6 am ET, aiming to "further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz." President Donald Trump reiterated in a post on Truth Social that the US was reinstating a "full" blockade, "but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo." Trump also backtracked from a threat to impose a 20% levy on cargo shipped through the Strait of Hormuz, saying that the Gulf States would invest in the US instead. Traders also digested the latest round of earnings with ASML (ASML).
US equity futures were edging higher pre-bell Wednesday as traders considered the latest inflation data amid the continuing tensions in the Middle East.
S&P 500 futures were up 0.1%, Nasdaq futures were 0.4% higher, while Dow Jones Industrial Average futures were steady.
The US seasonally adjusted consumer price index, a measure of inflation, fell by 0.4% in June, compared with expectations for a 0.1% decrease in a survey compiled and following a 0.5% increase in May, government data showed.
In a post on X, US Central Command said it started another wave of attacks against Iran at 6 am ET, aiming to "further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz." President Donald Trump reiterated in a post on Truth Social that the US was reinstating a "full" blockade, "but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo." Trump also backtracked from a threat to impose a 20% levy on cargo shipped through the Strait of Hormuz, saying that the Gulf States would invest in the US instead.
Traders also digested the latest round of earnings with ASML (ASML).