U.S. markets look higher as softer inflation and ASML results lift sentiment: Dow Jones, S&P, Nasdaq, Wall Street Futures U.S. stock futures traded modestly higher on Wednesday after inflation data came in below expectations, easing concerns that the Federal Reserve may need to…
ise interest rates in the near term. Investors also continued to assess a fresh round of corporate earnings, while strong results from ASML (EU:ASML) reinforced optimism surrounding artificial intelligence investment
At the same time, geopolitical tensions remained elevated as military action between the United States and Iran continued. Softer inflation supports futures Early trading pointed to a positive start on Wall Street. S&P 500 futures rose 0.2 percent, Nasdaq 100 futures gained 0.6 percent and Dow Jones futures edged 0.1 percent lower.
The latest inflation figures suggested price pressures are continuing to ease, reducing expectations of further near-term interest rate increases. Lower inflation is generally supportive for growth stocks, particularly technology companies, whose valuations tend to benefit from lower borrowing costs. Despite the encouraging inflation data, investors remained cautious because of ongoing geopolitical uncertainty.