Stock market today: US futures tread water ahead of key inflation print

US stocks meandered before the bell on Wednesday, still going nowhere in the wait for a crucial inflation reading that could ease worries interest rates will stay higher for longer. Futures on the Dow Jones Industrial Average nudged 0.1% higher, while those on S&P 500 and the tech-heavy Nasdaq 100 hugged the flatline.

4%, which would be unchanged from February. Core inflation — which strips out food and energy prices — is seen as rising 3.7% on the year, a slowdown from 3.8% growth the previous month. A hotter-than-expected reading may well weigh on stocks, while signs of cooling could give impetus to a market that has lost its mojo since starting the year with a bang.

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