U.S. stock futures climbed Wednesday ahead of U.S. inflation data, suggesting that the major indexes will resume this month’s rally.
Futures tied to the S&P 500 rose 0.4%, while Dow Jones Industrial Average futures gained 0.3%. Contracts on the technology-heavy Nasdaq-100 advanced 0.5%. Both the S&P 500 and the Dow closed lower on Tuesday after notching record highs earlier in the week.
Stocks have pushed higher this month, with the benchmark S&P 500 notching its eighth record close of the year on Monday. Investors are betting that President Biden’s $1.9 trillion stimulus package will help bolster the economy while vaccinations