Stock futures were higher in the morning trading on Wednesday before key inflation.
Futures on the Dow Jones Industrial Average rose 79 points, or 0.25%. S&P 500 futures rose 0.34% and Nasdaq 100 futures rose 0.71%.
These steps come after the Dow falls for the fourth day in a row on Tuesday in a volatile trading session that alternates between gains and losses. The S&P 500 is up 0.25% and the Nasdaq Composite is up about 1%.
Mega-cap technology, with which there have been difficulties in recent weeks, succeeded on Tuesday. Microsoft and Apple grew by more than 1%.
Investors are waiting for the publication of the April consumer price index on Wednesday morning for the last check of temperature for inflation. Rising prices have been major, especially at a time when the Federal Reserve is raising interest rates and shrinking its balance sheet to fight inflation.
“From month to month, we see signs that inflation is reaching a maximum,” said Brian Bielski, chief investment strategist at BMO Capital Markets, on Tuesday on CNBC’s “Closing Bell: Overtime.” “But will we see some surprise figure? It can really fix things.”
According to a consensus estimate by Dow Jones, economists expect the CPI to grow 0.2% over the previous month and 8.1% over last year. This is compared to 8.5% in March compared to the same period last year.
Investors are also looking for earnings reports from companies including Toyota Motors, Walt Disney and Beyond Meat.
