Dow futures steady as cooling inflation boosts sentiment
2022.12.13 18:56
© Reuters
By Oliver Gray
Investing.com – U.S. stock futures were trading steady during Tuesday’s evening deals, after major benchmark averages snapped two consecutive sessions of declines as cooling data fueled risk appetites ahead of the Federal Reserve’s latest set for release later in the session.
By 6:35pm ET (11:35pm GMT) and were trading while whlie ticked 0.1% higher.
In extended deals, ABM Industries (NYSE:) fell 4.3% after Q4 EPS of $0.89 versus $0.88 expected on revenue of $2 billion versus $1.96 billion expected.
Braze Inc (NASDAQ:) was down 4.8% after the company Q3 losses of $0.15 per share versus expected losses of $0.22 per share. revenue was reported at $93.1 million versus $90.6 million.
Ahead in Wednesday session, investors will be focusing on the Federal Reserve’s and , amid expectations of a 50 basis point increase following four consecutive 75 basis point hikes.
During Tuesday’s regular trade, the added 103.6 points or 0.3% to 34,108.7, the gained 29.1 points or 0.7% to 4,019.6 and the lifted 113.1 points or 1% to 11,256.8.
On the data front, CPI data came in lower than expected, falling to 7.1% on an basis while monthly fell to 0.2%.
On the bond markets, rates were at 3.501%.
