US stock futures were steady in early Thursday trading as investors awaited fresh inflation data.
Dow Jones, S&P 500, and Nasdaq 100 futures were practically at the flatline, after back-to-back sessions of gains that lifted benchmarks to record highs.
In premarket, the Dow was just 8 points higher, whilst the S&P was indicated up 2 points and the Nasdaq measured only a 12 point gain.
Sentiment remains underpinned by expectations the Federal Reserve will cut interest rates in September, a view strengthened after July’s Consumer Price Index matched forecasts.
Attention now turns to the Producer Price Index for July, due later today, for confirmation that pricing pressures remain contained. Weekly jobless claims are also on the calendar.
In corporate moves, Cisco Systems fell around 1% premarket after fourth-quarter results slightly topped estimates but offered an outlook in line with expectations.
Deere & Co. slid more than 7% after issuing mixed full-year guidance. Tapestry also traded lower, while Birkenstock gained after beating quarterly forecasts.
Crypto-related shares stayed in focus after exchange operator Bullish extended gains, trading over 10% higher and more than doubling its IPO price.
Bitcoin recently pulled back from record highs set Wednesday.
Today’s earnings slate features JD.com, Advance Auto Parts, Applied Materials, and Nucor.
Friday’s retail sales release will conclude a week dominated by macroeconomic data.