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Stocks Mostly Nudge Higher Pre-Bell Ahead of Key Inflation Report; Asia Churns, Europe Gains
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Stocks Mostly Nudge Higher Pre-Bell Ahead of Key Inflation Report; Asia Churns, Europe Gains
Apr 10, 2024 4:23 AM

07:04 AM EDT, 04/10/2024 (MT Newswires) -- The main US stock measures were mostly trending marginally higher in Wednesday premarket activity as investors take positions ahead of the release of a key inflation report.

Standard & Poor's 500 futures were slightly in the green and the Dow Jones Industrial Average edged up 0.1% before the open, while the Nasdaq was off less than 0.1%. Asian exchanges were mixed to lower while European bourses were tracking north.

The consumer price inflation report for March is scheduled for 8:30 am ET. Also on the economic calendar, the weekly mortgage applications bulletin posted at 7 am and wholesale inventories for February is out at 10 am.

The weekly EIA domestic oil inventories report is out at 10:30 am. The Federal Reserve will post minutes of its March policy session at 2 pm, which will be parsed for clues on rate moves by the central bank.

Fed Governor Michelle Bowman is scheduled to speak at 8:45 am, while Federal Reserve Bank of Chicago President Austan Goolsbee speaks at 12:45 pm.

Delta Air Lines (DAL) will kick off the latest earnings season with the release of its first-quarter results before the bell, among others.

Before the open, bitcoin was little changed at $68,894, West Texas Intermediate crude inclined 0.5% to $85.64 a barrel, yields on 10-year Treasuries dipped by 0.6 basis points to 4.36% and gold nudged 0.2% higher to $2,367 an ounce.

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