Tamer Than Expected Inflation Data May Lead To Initial Jump On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to benefit from a positive reaction to a highly anticipated reading on U.S. inflation.
8/10/2022 4:11:00 PM With traders reacting positively to highly anticipated consumer price inflation data, stocks moved sharply higher during trading on Wednesday. The rally more than offset the weakness seen in the previous session, with the major averages reaching three-month closing highs.