U.S. stock futures trade flat with Dow and S&P 500 hitting records. Om Thursday, the U.S. stock futures were flat after the market overpassed a rise in consumer prices during the earlier session.
Dow futures surged 37 points or 0.1%. S&P 500 futures traded flat, and Nasdaq 100 futures saw little change as well.
Investors are keeping eye on economic data and earnings reports from a Dow member on Thursday. Jobless claims would be a total of 375,000, showing a fall from 385,000 in the prior week.
On Wednesday, the Dow rose 0.6% to reach 35,484.97 and ended at a new record. The S&P 500 jumped 0.2% to an all-time record high of 4,447.70. The Nasdaq Composite reported about 0.1% lower to 14,765.13.
According to a Labor Department report, the consumer-price index rose 5.4% from the prior year and 0.5% from the earlier month.
Disney is expected to report earnings after the bell. However, the shares traded flat in the premarket.
Micron shares were down 2% in premarket trading after Morgan Stanley forecasted a drop in the memory chip market.
Core inflation, excluding energy and food prices, jumped by just 0.3% in July, while analysts expected a 0.4% increase. Economists have considered core inflation a reliable measure.
“Inflation has, at a minimum, paused,” chief investment officer, Brad McMillan at Commonwealth Financial Network said. “For both the headline and core figures, the monthly and annual numbers were stable or down from last month. Based on that data, inflation is certainly not on an unstoppable increase.”