By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Wednesday’s evening deals, following a strong rally among major benchmark average during regular trade as highly anticipated inflation data eased slightly from 41-year highs.
Bumble Inc (NASDAQ: BMBL ) dipped 11.6% after the company reported Q2 losses of $0.03 per share, worse than expected losses of $0.01 per share. Revenue came in at $220.45 million versus $219.55 million.
Ahead in Thursday’s session, investors will be tracking initial jobless claims data as well as July’s producer price index print. Earnings from companies such as Rivian Automotive Inc (NASDAQ: RIVN ), Warby Parker Inc (NYSE: WRBY ) and Poshmark Inc (NASDAQ: POSH ) will also be closely monitored.
On the data front, the headline consumer price index for July came in at 8.5%, below 8.7% expected and cooling from 41-year highs, sparking speculation of less aggressive rate hikes at the U.S. Federal Reserve’s next meeting.
On the bond markets, United States 10-Year rates were at 2.785%.
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