Stock futures edge higher ahead of inflation report


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Apple will unveil its new iPhone

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we store Futures tick higher ahead of latest inflation figures.

The Dow Jones Industrial Average futures rose 25 points, or 0.07%, while the S&P 500 futures and Nasdaq 100 futures were up 0.08% and 0.01%, respectively. The modest gains came a day after the Dow and the S&P 500 index broke five-day loss streaks.


The August consumer price index is set to be released at 8:30 a.m. ET, with analysts surveyed by Refinitiv expecting 0.4% month-over-month growth.

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Prior to the report, the yield on the 10-year note rose one basis point to 1.34%.

In shares, Apple Inc. Shares were in focus as the tech giant unveiled its new iPhone for 1PM ET. Updates for other products such as the Apple Watch may also be announced.

Amazon Inc. raised its average starting salary to $18 an hour and said it would hire 125,000 warehouse and transportation workers in the US

Oracle Corp. reported quarterly sales that fell short of Wall Street estimates as cloud revenue missed the mark. Current quarter earnings guidance was ahead of expectations while revenue guidance was slightly lighter.

Oil stocks, which were top performers on Monday, continued to climb as West Texas Intermediate crude rose 44 cents to a six-week high of $70.89 a barrel as Hurricane Nicholas made landfall in Texas.

Among other commodities, gold fell by $ 6.40 to $1,788 an ounce.

There was mixed business in foreign markets.

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In European markets, France’s CAC 40 was down 0.38%, Britain’s FTSE 100 0.27% and Germany’s DAX 30 was down 0.12%.

In Asia, Japan’s Nikkei 225 jumped 0.73%, while Hong Kong’s Hang Seng index and China’s Shanghai Composite fell 1.21% and 1.42%, respectively, with developer China Evergrande reiterating concerns that it could default on its debt.

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