U.S. stock futures were mostly flat Thursday night as investors braced for a major inflation report that could influence the Federal Reserve’s next move. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.09% and 0.18%, respectively, at 8:30 p.m. EDT on October 23, while the Dow Jones Industrial Average (DJIA) futures were down 0.03%.
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In after-hours trading, Intel (INTC) stock jumped nearly 7% after the chipmaker posted strong third-quarter results, signaling progress in its turnaround strategy.
All three major indices closed higher in the regular session, buoyed by inflows into tech and optimism around Q3 earnings. The S&P 500, the Dow Jones, and the Nasdaq Composite rose 0.6%, 0.3%, and 0.9%, respectively.
Investors are now turning their attention to Friday’s release of the September Consumer Price Index (CPI). The report, delayed due to the ongoing U.S. government shutdown, is expected to be the final economic reading before the Fed’s October meeting.
On the earnings front, several key companies such as Procter & Gamble (PG), General Dynamics (GD), Booz Allen (BAH), and Sanofi (SNY) are scheduled to report quarterly numbers tomorrow.
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