U.S. Stock Futures Flat Ahead of Key Inflation Data as Crypto Markets Watch
U.S. stock futures held steady Wednesday evening following a record-setting session for the S&P 500 and Nasdaq Composite. The muted movement reflects investor caution ahead of Thursday's consumer price index report, expected to show a 0.3% monthly increase.
Oracle's surge and cooler-than-expected producer price data fueled Wednesday's rally, though the Dow Jones slipped 0.5%. Market participants now await fresh inflation signals that could influence Fed policy and risk appetite across asset classes.
While the article mentions no specific cryptocurrencies, digital asset traders often view such macroeconomic data as pivotal for crypto markets. Inflation metrics may sway Bitcoin and ethereum prices as investors assess store-of-value propositions against traditional assets.