US stock futures hovered around the flatline on Thursday as Wall Street awaited another pulse check on inflation after Tuesday’s tepid figures sent rate-cut bets and markets soaring.
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) mostly traded flat.
Stocks extended their rally Wednesday, pushing the S&P 500 and Nasdaq to consecutive record highs. Bitcoin got a boost from mounting rate-cut bets too, reaching a new record high on Wednesday evening.
Euphoria over a possible September rate cut swept Wall Street on Tuesday after July’s Consumer Price Index report showed inflation rose as expected, but not dramatically. Traders have now fully priced in a rate cut at the Fed’s next meeting even as some Fed policymakers continue to urge patience.
On Thursday, investors will be eager to see if July’s Producer Price Index (PPI) report falls in line with the CPI data that has boosted sentiment this week.
Coming soon
Stock market coverage for Thursday, August 14, 2025.