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Benzinga
Benzinga
Business
Shanthi Rexaline

Nasdaq, S&P 500 Futures Jump As October Inflation Cools Off — Tesla, Rivian, Apple, AstraZeneca In Focus

Nasdaq United States Inflation NYSE Thomas Barkin Labor Department

The U.S. index futures are pointing to a sharply higher opening on Thursday, as traders react to the October consumer price inflation report — key data that would have a say on the Federal Reserve’s December monetary policy meeting.

On Wednesday, the major averages wilted amid profit-taking following a three-session rally. Earnings reports and general apprehensions amid the developments related to cryptocurrency exchange FTX’s travails weighed down on the markets.

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