US stock index futures were little changed on Thursday as investors awaited the latest reading of the PCE price index, the Federal Reserve’s preferred gauge of inflation, for further insight into how the Middle East conflict may be influencing price pressures. Markets were also looking ahead to fresh data on weekly jobless claims, new home sales, and personal income.
On the corporate front, traders were bracing for earnings reports from Dell Technologies, Autodesk, Dollar Tree, MongoDB, and Gap, among others. In after-hours trading, Snowflake jumped 37.5% after the cloud data company announced plans to spend $6 billion on Amazon Web Services over the next five years and reported first-quarter earnings and revenue that beat analysts’ expectations.
In Wednesday’s regular session, the Dow Jones Industrial Average added 0.36%, while the S&P 500 and the Nasdaq Composite inched up 0.02% and 0.07%, respectively.
