U.S. stock futures eased back from near 10-month highs ahead of next week’s inflation data and Fed decision.
How are stock-index futures trading On Thursday, the Dow Jones Industrial Average DJIA rose 169 points, or 0.5%, to 33834, the S&P 500 SPX increased 26 points, or 0.62%, to 4294, and the Nasdaq Composite COMP gained 134 points, or 1.02%, to 13239. The stock barometer’s latest gains were supported by bigger than expected unemployment claims, which increased investor predictions that the Fed will leave its cost of borrowing at a range of 5% to 5.25% after its policy meeting concludes on Wednesday.
However, news on Friday from the world’s second biggest economy showed how concerns can grow when disinflation turns to deflation. Such intervention, realized and mooted, has prevented on Friday a sell-off in growth-sensitive assets like equities, oil and copper.
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