Here’s what we’re watching as Thursday’s trading gets underway.
- U.S. stock futures wobbled ahead of data on consumer prices that will offer fresh insights about the pace of inflation as the economy emerges from the pandemic.
- Futures for the S&P 500 were down less than 0.1% and Dow Jones Industrial Average futures added 0.1%. Contracts for the technology-focused Nasdaq-100 slipped 0.3%. Read our full markets wrap here.
- Bitcoin is trading around $37,200, a 4.1% rise from Wednesday’s level at 5 p.m. ET. The cryptocurrency is still down over 40% from its mid-April high.
What’s Coming Up
- The U.S. consumer price index for May, a highly-anticipated data release on inflation, will go out at 8:30 a.m.
- Weekly jobless claims, a proxy for layoffs, are also going out at 8:30. They have been on a downward trajectory over the past five weeks and economists are projecting a new pandemic low as the economy continues to recover.
- Earnings are due after the close from Chewy and Beyond Air .