Nasdaq Builds on Record High. Stock Futures Edge Up as Markets Bet on Rate Cuts.

U.S. stock futures were edging up early Wednesday after indexes reached new highs on the back of encouraging inflation data, firming up bets on a September rate cut from the Federal Reserve. S&P 500 futures were up less than 0.1% and Nasdaq 100 futures were rising 0.1%. The S&P 500 and Nasdaq Composite indexes hit record highs on Tuesday following consumer price index data showing core prices rising 3.1% over the past 12 months but lower-than-feared goods inflation, suggesting a limited inflationary effect from tariffs.

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