11.09.202512:48:26UTC+00US Futures Slightly Higher After CPI

On Thursday, US stock futures maintained positive momentum, with contracts across the three major indices increasing by 0.2% as investors analyzed the latest Consumer Price Index (CPI) report. This report largely met expectations, showing annual inflation accelerating to 2.9%, while core inflation remained steady at 3.1%. However, the headline CPI increased by 0.4% month-over-month, surpassing the forecasted 0.3% rise. Despite this, market expectations for a Federal Reserve rate cut next week remain unchanged, with investors almost fully anticipating three additional cuts by the end of the year. Simultaneously, initial jobless claims surged to their highest level in nearly four years, underscoring signs of a cooling labor market. In premarket trading, mega-cap stocks mostly experienced gains, with Nvidia up by 0.7%, Microsoft by 0.5%, Apple by 0.1%, Amazon by 0.6%, Meta by 0.3%, and Tesla by 0.9%. Conversely, Alphabet's stock showed little change, while Broadcom saw a decline of 0.6%.