Dow Futures Gain Amid Easing Yields Ahead of PCE Inflation Report
The US stock market is showing signs of recovery ahead of the release of August's Personal Consumption Expenditures (PCE) inflation report. Dow futures have gained 0.18% to reach 53,061 points, while Treasury yields have eased, providing some support to equities.
This comes as investors are closely watching the PCE report, which is due later on Wednesday and is expected to show annual inflation at 3.7%. The data could influence expectations around the Federal Reserve's next interest-rate decisions, with traders nearly evenly split over the possibility of another rate hike in October.
Nvidia, Alphabet, and Apple are among the major technology companies moving higher in premarket trading, while oil prices remain a concern for Wall Street. Brent crude settled at $105.28 a barrel on September 28, contributing to renewed inflation concerns.