Dow Chasing Record High. Stock Futures Rise as Markets Bet on Rate Cuts.

U.S. stock futures were rising 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. Dow Jones Industrial Average futures were up 97n points, or 0.2%. 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.

Continue Reading

View Comments