Stock market news live updates: Stocks futures tick higher as investors continue to mull April inflation report

US stock futures rose slightly ahead of trading on Wednesday, after another market decline, as investors dispersed inflation data, which shows that the price level remained high in April.

S&P 500 futures rose 0.3% after the index traded at 3935.18 points, which is its lowest level since March 2021. In the first 90 trading days of 2022, the S&P 500 fell more than 17%, marking the second worst start of the year. This is shown by data from Compound Capital Advisors. Dow Jones Industrial Average contracts were up 0.2% after falling 300 points, or just over 1% in the main session, while the Nasdaq Futures was up 0.3% as the technical standard fell. then 3% on the trading day.

The move is based on a series of sharp losses in capital markets, following the April Consumer Price Index (CPI) released on Wednesday, which showed inflation hovering near a 40-year high despite a slight reversal. months. In addition, the so-called core price index, which excludes volatile food and energy categories, was higher than economists expected, raising investors' fears that higher prices could continue.

The April look at US inflation comes as investors assess how aggressively the Federal Reserve will intervene to curb rising prices through monetary tightening, including interest rate hikes. Uncertainty over the next step of the Central Bank caused turbulence in risky assets, bringing all three key indices to their lowest trading levels since the beginning of the year.

"Inflation seems to be entrenched in many sectors of the economy, whether we see growth or not, a slow, steady decline will be more of a task for the Fed to curb inflation without the economy falling." Charlie Ripley said. Mr. Allianz Investment Management's investment strategist, according to an e-mail statement issued Wednesday.

Cleveland Fed Chairman Loretta Mester told Yahoo Finance on Tuesday that a 50 basis point hike would likely occur in the next two meetings of the Fed's policy by 75 basis points as the central bank raises inflation. - Mitigation measures.

"It will definitely be difficult, as there are challenges from both supply and demand," Mester said. "But the risk of rising inflation becomes even more dangerous as we continue to live up to inflation expectations, so it is very important that we do what we have to do."

Peter Essel, managing director of the portfolio of the financial network of the Commonwealth, says that if inflation falls in the second half of the year, there will be less pressure on the Fed to pursue aggressive monetary policy with high price levels, "which it misses. The possibility of a mild economic downturn, not the accidents and exhaustion that the markets have recently experienced. ”

"The second half of the year could be a strong time for equities and bonds if inflation continues to fall and interest rates rise more than expected," Essele said. "Investors are currently evaluating the latest inflation test scenario, avoiding forest for trees."

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18:14 ET Wednesday. The supply of shares increases after the permanent loss of shares

Here's where they traded extended futures before Wednesday night's session.

• S&P 500 futures ( ES = F ) - +10.75 (+ 0.27%) - 3,941.00

• Dow Futures ( YM = F ) : +76.00 (+ 0.24%) 31,819.00:

• Nasdaq Futures ( NQ = F ): +30.50 (+ 0.25%) 12,000.25:

• Crude oil ( CL = F ) - $ +0.02 (+ 0.02%) - $ 105.73

• Gold ( GC = F ) - $ 1.90 (-0.10%) - $ 1851.80 per ounce.

• 10-year Treasury Bonds ( ^ TNX ) : -7.2 bps to 2.9210% Yield

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Alexandra Semyonova, Yahoo Financial Correspondent. Follow him on Twitter @alexandraandnyc

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