Stocks Little Changed Ahead of Key Inflation Report


Stock futures were marginally higher on Wednesday as Wall Street looks to keep a strong start to the week going with a key inflation report on deck.

Futures for the Dow Jones Industrials poked up six points to 39,895.

Futures for the S&P 500 index slid 2.75 points, or 0.1%, at 5,461.75

Futures for the NASDAQ gained 11.75 points, or 0.1%, to 19,116.

The July consumer price index reading is set for release at 8:30 a.m. ET. Economists polled by Dow Jones expect a 0.2% increase from the prior month and a 3% gain year over year.

The report comes a day after lighter-than-expected wholesale inflation figures gave stocks a boost. The Dow rose more than 400 points, or about 1%. The S&P 500 climbed 1.7%, while the NASDAQ Composite gained 2.4%.

All three major averages are now above their Aug. 2 closing level, which was the session before the global market sell-off on Aug. 5 that appeared to be

In Japan, the Nikkei 225 soared 0.6%, Hong Kong, the Hang Seng index ditched 0.4%.

Oil prices shed 23 cents to $78.12 U.S. a barrel.

Gold prices jumped $5.80to $2,501.70



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