U.S. stock futures pointed to a gain at the open, setting the Dow on track for its fourth up day in a row, as global equity markets recover from their selloff earlier this month.
Investors are bracing for a reading on inflation that’s due before the open. The data has taken on heightened significance as the recent market drop has been blamed in large part on inflation concerns.
Dow Jones Industrial Average futures rose by 143 points, or 0.6%, to 24,769, while S&P 500 futures added 12.55 points, or 0.5%, to 2,674.25. Nasdaq-100 futures tacked on 32.75 points, or 0.5%, to 6,593.25.
On Tuesday, the Dow, S&P 500 and Nasdaq Composite all scored modest gains, leaving each gauge 7% below its January record close.
Source : Market Watch