Wall Street awaits key inflation data while Cisco and Cerebras shares drop following disappointing earnings results.
Dow Jones Industrial Average futures rose 0.3% Thursday morning, with S&P 500 futures up 0.2%, as traders positioned ahead of a critical inflation report. The moves reflect cautious optimism amid broader market volatility.
Artificial intelligence stocks led gains Wednesday, driven by Nebius, Lumentum, and CoreWeave, but Thursday’s session saw sharp declines in Cisco Systems (CSCO) and Cerebras Systems (CBRS) after earnings misses. The mixed performance highlights sector divergence in the tech space.
No immediate market reaction was detailed, though futures movements suggest investor focus remains on macroeconomic data over individual stock performance.