US stock index futures rose on Wednesday as investors awaited a key inflation report that could influence the Federal Reserve’s monetary policy path. The July consumer prices data, due at 8:30 a.m. ET, is expected to show that prices increased moderately in July.
Inflation Expectations
The CPI likely rebounded 0.1% last month, a Reuters survey of economists predicted, after falling 0.4% in June. In the 12 months through July, the CPI was forecast to have increased 3.4% after advancing 3.5% in June.
CoreWeave jumped 18.6% in premarket trading after the AI cloud company lifted its annual capital spending forecast and topped second-quarter earnings estimates. Other AI infrastructure providers, including data center operators IREN and Applied Digital, also rose more than 5% each.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
