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How are stock-index futures trading:
Dow Jones Industrial Average futures fell 108 points, or 0.24%, to 44,117
S&P 500 futures fell 8 points, or 0.14%, to 6,085
Nasdaq 100 futures fell 34 points, or 0.16%, to 21,761
On Wednesday, the Dow Jones Industrial Average fell 99 points, or 0.22%, to 44,149, the S&P 500 increased 49 points, or 0.82%, to 6,084, and the Nasdaq Composite gained 348 points, or 1.77%, to 20,035.
Stock futures fell on Thursday as investors readied themselves for publication of Bureau of Labor Statistics’ producer price index report after consumer price index figures came in as expected on Wednesday.
Markets are now pricing in a 98.6% likelihood the U.S. Federal Reserve will cut interest rates at its meeting next week as the CPI figures signaled inflation is on its way down to 2%. The PPI report is now the final block in the road that has the potential to scupper a rate cut.
The European Central Bank will also publish its latest policy decision, with economists widely expecting the central bank will cut its key deposit rate by 25 basis points, to 3%, in response to falling inflation in the eurozone. ECB President Christine Lagarde will also host a press conference after.
In terms of earnings, U.S. companies including Broadcom Inc. and Costco Wholesale Corp. report after the close of trading. Adobe late Wednesday issued a disappointing outlook.
