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U.S. Stock Futures Flat as Wall Street Awaits Consumer Inflation Data

U.S. Stock Futures Flat as Wall Street Awaits Consumer Inflation Data

U.S. stock futures were little changed on Wednesday evening, following a strong trading session as investors looked ahead to a critical consumer inflation report. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.03%, 0.02%, and 0.01%, respectively, at 6:33 p.m. EDT on September 10.

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On Wednesday, the S&P 500 and the Nasdaq Composite closed at an all-time highs, thanks to a massive rally in Oracle (ORCL) shares and cooler-than-expected producer price inflation data. The S&P 500 gained 0.3%. The Nasdaq Composite also finished slightly higher, but the Dow Jones lost 0.5%.

Looking ahead, investors await the release of the August consumer price index (CPI) report, due Thursday morning. Economists expect the CPI to rise 0.3% for the month, leading to a 2.9% annual gain. Traders will also be watching for new data on jobless claims and the federal budget, along with earnings reports from Kroger (KR) and Adobe (ADBE).

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