US stocks edge higher ahead of inflation data and bank earnings

reuters.com [$] —

S&P 500 and Dow futures edged higher on Wednesday as AI-related stocks steadied, though elevated oil prices and upcoming inflation data kept investors cautious ahead of major bank earnings. Investors awaited US consumer price index data at 8:30 am ET for clues on the Federal Reserve's rate outlook, with economists estimating headline inflation accelerated to 3.6% annually in September. Markets priced in a near 22% chance of a quarter-point rate hike next week. Oil prices rose with Brent crude above $100 per barrel after vessel strikes in the Strait of Hormuz, while New York Fed President John Williams suggested one more rate hike this year but none in 2027.


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