Stock index futures point to mixed open; await CPI
U.S. stock index futures pointed to a mixed opening on Wall Street on Wednesday as investors await U.S. inflation and housing start figures.
At 0956 GMT (4:56 a.m. EST), futures for the S&P 500 were up 0.04 percent, Dow Jones industrial average were down 0.02 percent and Nasdaq 100 futures were 0.1 percent lower.
In Europe, shares bounced back on Wednesday to trade near their highest level in more than 13 months, with the FTSEurofirst 300 <.FTEU3> index up 0.3 percent at 1,033.52 points at 0958 GMT.
At 1330 GMT (8:30 a.m. EST) , investors will be bracing themselves for the Labor Department's release of October Consumer Price Index figures. Economists in a Reuters survey expect a 0.2 percent rise, a repeat of the September increase.
They will also keep an eye on the Commerce Department release of housing starts and permits for October, also due at 1330 GMT (8:30 a.m. EST). Economists in a Reuters survey forecast a 600,000 annualized rate versus a September rate of 590,000.
In earnings news, NetApp
Limited Brands is reporting third-quarter numbers, with analysts in a Reuters poll expecting the company to make a loss of 0.02 cents compared to a gain of 0.01 cents a year ago.
Chocolate makers Hershey Co
Shares of Salesforce.com Inc
Shares of Autodesk Inc
U.S. stocks rose to fresh 13-month highs on Tuesday as upbeat broker views on improving prospects for two Dow components offset disappointing holiday spending outlooks from Target
The Dow Jones industrial average <.DJI> rose 0.3 percent, the Standard & Poor's 500 Index <.SPX> edged up 0.1 percent and the Nasdaq Composite Index <.IXIC> added 0.3 percent.
(Reporting by Joanne Frearson; editing by Simon Jessop)
© Copyright Thomson Reuters 2024. All rights reserved.