Stock Futures Flat Ahead of Inflation Report

Futures contracts tied to the major U.S. stock indexes were flat on Thursday as investors eyed a key upcoming inflation report.

Futures for the Dow Jones Industrials gained 41 points, or 0.1%, to 34,478.

Futures for the S&P 500 dipped 0.25 points to 4,218.25.

Futures for the NASDAQ Composite slipped 37.75 points, or 0.3%, to 13,775.25.

UPS shares rose about 1% in pre-market trading after an upgrade from JPMorgan. Shares of Boeing and Delta Air Lines were also higher in pre-market trading.

Shares of Tesla and Apple were slightly lower in early trading.

Video-game retailer and meme stock GameStop fell 7% in pre-market trading even after the company tapped former Amazon executive Matt Furlong to be its next CEO and said that sales rose 25% last quarter. The company also said it may sell up to five million additional shares.

Monthly consumer price index data will be released at 8:30 a.m. ET on Thursday. Economists polled by Dow Jones expect the May CPI report to show prices up 4.7% year over year after April’s increase of 4.2%. The core rate of inflation, excluding food and energy, is expected to jump 3.5% on an annual basis, the biggest jump in 28 years.

Overseas, in Japan, the Nikkei 225 gained 0.3% Thursday, while in Hong Kong, the Hang Seng index docked more than three points.

Oil prices picked up 15 cents to $70.11 U.S. a barrel.

Gold prices slumped $15.60 to $1,879.90 U.S.

Stock Futures Flat Ahead of Inflation Report