US Futures Attempt Recovery Ahead of Inflation Data
Stock futures tried to recover following a three-day slide as investors awaited upcoming inflation reports. Meanwhile, oil prices climbed above one hundred dollars per barrel.
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Dow and S&P 500 futures attempted a recovery during Thursday morning trading after a three-day slide, as investors returned to equities ahead of key inflation data. The rebound unfolded while United States Treasury yields hovered near multi-year highs and crude oil surpassed $100 a barrel. Markets are weighing the risk of further monetary tightening against resilient economic fundamentals.
