Dow, S&P 500, Nasdaq futures climb with PPI inflation looming after hot CPI
US stock futures drifted higher despite January’s hot inflation report, which dashed Wall Street’s hopes of an interest rate cut anytime soon. Dow Jones futures (YM=F) drifted 0.1%, whereas Nasdaq futures (NQ=F) rose 0.2%, and futures attached to the benchmark S&P 500 (ES=F) fluttered 0.2%. January’s inflation report showed consumer prices rose more than forecast