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* Futures up: Dow 0.24%, S&P 500 0.16%, Nasdaq 0.02%
Aug 13 (Reuters) - Futures tied to Wall Street's main
indexes inched higher on Thursday as crude oil prices fell and
investors awaited producer-price inflation data for clues on
inflation and the Federal Reserve's interest rate path.
Brent crude futures fell 1.9%, declining after six
straight sessions of gains as investors assessed prospects for
weaker global demand this year and higher U.S. crude stocks.
Iran and the United States remain at loggerheads over
efforts to agree on a permanent end to the war in the Middle
East, according to a senior Iranian source, while traffic
through the vital Strait of Hormuz remained severely curtailed.
Investors await the July producer prices figures due at 8:30
a.m. ET as they looked for clues to the Federal Reserve's
interest rate path.
This follows benign July consumer inflation data that
strengthened expectations that the Fed would hold interest rates
steady at its next meeting.
Money market participants saw a 66% chance that the Fed
would hold rates steady, up from roughly even odds between a
rate hike and a pause on Wednesday, according to CME's Fed Watch
tool.
At 05:47 a.m. ET, Dow E-minis were up 128 points, or 0.24%,
S&P 500 E-minis were up 12.5 points, or 0.16%, and Nasdaq 100
E-minis were up 5.5 points, or 0.02%.
PC makers Dell Technologies ( DELL ) and HP gained
4% and 1.8%, respectively, in premarket trading after earnings
from China's Lenovo ( LNVGF ) beat expectations.
Dow component Cisco Systems ( CSCO ) dropped 6% despite the
networking equipment maker forecasting fiscal 2027 revenue above
Wall Street expectations.
Cerebras Systems ( CBRS ) slumped more than 18% after the AI
chip designer missed quarterly revenue estimates. Its shares had
rallied about 24% in the last four sessions.
Most megacap and growth stocks were trading higher, with
Alphabet, Amazon ( AMZN ) and Apple ( AAPL ) all up
about 0.5% each.
The earnings calendar is thinning out, with more than 430
S&P 500 companies having already reported for the quarter
ended June.
Overall, robust earnings in several sectors have proven to
be the latest tailwind for U.S. stocks after a rocky start to
the second half of 2026.
The Dow and the S&P 500 were hovering close to
their record highs while the Nasdaq was around 2% away
from its all-time highs.
The tech-heavy Nasdaq has rebounded after slumping to more
than 10% below its all-time highs just two weeks ago, as strong
earnings from AI hyperscalers and some technology stocks revived
enthusiasm for the AI trade.
Later in the day, a weekly jobless claims report along with
commentary from Cleveland Fed President Beth Hammack and
Richmond Fed President Thomas Barkin, was on investors' radar.