Stock Futures Rise Ahead of Inflation Data

U.S. stock futures edged higher as investors awaited crucial inflation data and digested a new wave of corporate earnings from major financial institutions.

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FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo

S&P 500 and Dow futures inched higher on Wednesday morning as AI-related stocks steadied following a recent selloff, with investors eyeing upcoming inflation data. The modest gains come despite elevated energy costs and a heavy slate of major financial results. Markets are navigating crosscurrents from corporate earnings and macroeconomic indicators.

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