US Stock Futures Mixed as Fed Rate-Hike Bets Ease

US stock futures traded mixed on Thursday as investors awaited July producer-price data and reassessed the likelihood of another Federal Reserve interest-rate increase. The Dow Jones Industrial Average futures rose 0.13%, while S&P 500 futures added 0.11%. Nasdaq 100 futures slipped 0.11%, indicating more caution toward technology shares after their recent gains.

The shift in expectations follows the Consumer Price Index report, which showed US consumer prices increased 3.4% year on year in July, matching economists' forecasts. On a monthly basis, the CPI rose 0.1%, also in line with expectations.

Markets have moved decisively toward the view that the Federal Reserve will leave interest rates unchanged at its next meeting. CME Group data showed investors assigned a 66% probability to a rate hold next month, compared with 45% one week earlier.