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U.S. stock futures rose on Wednesday morning after a key inflation reading showed a better-than-expected slowdown for rising prices.
Futures for the Dow Jones Industrials hiked 91 points, or 0.3%, early Wednesday to 32,828.
Futures for the S&P 500 acquired 15 points, or 0.4%, to 4,139.50.
Futures for the NASDAQ Composite rocketed 61 points, or 0.5% at 13,092.50.
Earnings season also continues, with Disney’s quarterly results due after the bell Wednesday.
The July consumer price index report showed a slowdown in headline inflation.
The Federal Reserve will weigh the report, along with other key economic data, ahead of its September meeting where it is slated to hike interest rates again.
In Japan, the Nikkei 225 surrendered 0.7% Wednesday. In Hong Kong, the Hang Seng sank 2%
Oil prices docked $1.28 to $89.22 U.S. a barrel.
Gold prices fell $4.10 to $1,808.20 U.S. an ounce.
