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Stock Futures Steady as Traders Weigh Ceasefire and Await Inflation Data

Story Highlights
  • U.S. stock futures were steady on Thursday night.
  • Investors are now focused on upcoming inflation data.
Stock Futures Steady as Traders Weigh Ceasefire and Await Inflation Data

U.S. stock futures were little changed Thursday night as investors assessed a fragile Middle East ceasefire and looked ahead to key inflation data. Futures on the Nasdaq 100 (NDX) and the S&P 500 Index were up a modest 0.1% and 0.02%, respectively, while the Dow Jones Industrial Average (DJIA) futures were down 0.01% at 12:30 a.m. EDT on April 10.

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At the time of writing, the international oil benchmark Brent (CM:BZ) rose 0.41% to $96.31 per barrel, while West Texas Intermediate (WTI) crude (CM:CL) was up 0.27% at $98.12 per barrel.

In the regular trading session, stocks closed higher Thursday as optimism grew that the U.S.-Iran ceasefire would hold. The Nasdaq rose 0.8%, while the S&P 500 and the Dow each gained 0.6%. The advance extended a seven-session winning streak for both the Nasdaq and S&P 500.

Looking ahead, traders will turn their attention to the March Consumer Price Index, a key inflation read that could influence expectations for future Fed policy. On the earnings front, asset manager BlackRock (BLK) is scheduled to report quarterly numbers tomorrow.

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