Sehar Time Ramadan 17
Lahore
LHR
04:47 AM
Karachi
KHI
05:20 AM
Islamabad
ISB
04:50 AM
Peshawar
PWR
04:56 AM
Quetta
QTA
05:18 AM
Ramadan Pedia

Futures rise after December CPI data

Futures rise after December CPI data

Business

Futures rise after December CPI data

Follow on
Follow us on Google News
Advertisement
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

(Reuters) - US stock index futures extended gains on Wednesday as investors assessed a broadly in-line consumer inflation report to gauge its effect on the Federal Reserve's monetary policy easing this year.

Data from the Labor Department showed the consumer price index rose 2.9% on an annual basis in December 2024, in line with the expectations of economists polled by Reuters. On a monthly basis, the index rose 0.4%.

Excluding volatile food and energy components, core CPI increased 3.2% on an annual basis, compared with an expected 3.3% rise.

At 08:32 a.m., Dow E-minis were up 476 points, or 1.11%, S&P 500 E-minis were up 66.5 points, or 1.13%, and Nasdaq 100 E-minis were up 280.25 points, or 1.34%.