US stock futures hold steady as investors await key inflation data

  • US stock futures held steady as investors awaited upcoming inflation reports.
  • The August producer price index is due Thursday, followed by consumer inflation data Friday.
  • The Treasury Department announced plans to repurchase up to $6 billion in longer-term debt.

US stock futures were little changed Thursday as investors waited for inflation data that could influence the Federal Reserve’s next policy decision. The August producer price index is due Thursday, followed by the consumer inflation report Friday, while weekly jobless claims and existing home sales are also scheduled. Oracle, Adobe, Copart, Macy’s and Restoration Hardware are expected to report earnings. The Dow fell 0.77% in Wednesday’s session, while the S&P 500 and Nasdaq Composite lost 0.48% and 0.64%, respectively. Oil prices continued to climb as the conflict between the US and Iran intensified, raising inflation concerns and reinforcing expectations for near-term interest-rate increases. Treasury yields also moved higher after the Treasury Department announced plans to buy back up to $6 billion of longer-term debt, three times the usual amount.

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