Futures Rise as Investors Eye PPI Data and Tech Earnings
U.S. stock futures are higher ahead of key inflation data releases and earnings reports from top tech companies.
The Dow, S&P 500, and Nasdaq futures rose in early trading on Thursday as investors await the release of Producer Price Index (PPI) data and weekly jobless claims at 8:30 am ET. The 10-year Treasury yield remains above 4.85%, keeping the Federal Reserve's rate hike debate firmly in focus.
However, retail investor sentiment has turned cautious on Stocktwits, with the SPDR S&P 500 ETF (SPY) sentiment moving to 'neutral' from 'bullish' and the Invesco QQQ Trust (QQQ) turning 'bearish' from 'bullish.'
Top tech companies including Meta (META), Oracle (ORCL), and Adobe (ADBE) are set to report earnings after the market close on Thursday. Nvidia (NVDA) and Apple (AAPL) shares rose in premarket trading following recent developments.