July 13, 2023 at 6:02 AM EDT
Stock futures rose and bond yields fell further, with second-quarter earnings and signs of cooling inflation in focus.are expected to report quarterly results before the opening bell. A number of U.S. banks will follow on Friday with their earnings. Investors will also eye the Labor Department's producer-price index, due Thursday at 8:30 a.m. ET. The report follows Wednesday’s consumer-price index, which showed the inflation rate rose at its slowest pace in
. Investors still expect the Federal Reserve to raise interest rates this month, but are more uncertain about policy thereafter.Futures for the S&P 500 and the tech-heavy Nasdaq-100 rose 0.3% and 0.6%, respectively, after ending Wednesday at their highest levels since April 2022. Dow futures added 0.2% Thursday.The yield on the benchmark 10-year Treasury note declined to 3.825%, from 3.86% Wednesday.
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