FX.co ★ US Futures Steady Ahead of More Data

U.S. stock futures remained relatively stable on Thursday as investors anticipated key economic data releases that may impact the Federal Reserve's policy decisions. Scheduled for release are the July producer price index and the most recent weekly jobless claims figures. Earlier in the week, unexpectedly low consumer inflation for July bolstered the belief that the Fed might cut interest rates in September. On Wednesday, the Dow Jones Industrial Average increased by 1.04%, the S&P 500 by 0.32%, and the Nasdaq Composite by 0.14%. Within the S&P 500, eight out of eleven sectors experienced gains, with materials, healthcare, and consumer discretionary leading the way. Noteworthy market movements included a 5.4% rise in AMD's stock and a remarkable 36.7% surge in Paramount Skydance. Conversely, several large-cap tech companies, such as Nvidia, Tesla, Meta, Alphabet, and Microsoft, experienced declines.