U.S. stock higher in pre-market trading for,Feb 11.The Dow Futures is trading at 31,404.00 with +0.24% percent or +76.00 point.The S&P 500 Futures is trading at 3,914.62 up with +0.30% percent or +11.62 point.The Nasdaq Futures is trading at 13,706.80 up with +0.46% percent or +63.25 point.
Wednesday’s Factors and Events
The dollar dropped to two-week lows on Wednesday in choppy trading, led by losses against sterling and the euro, weighed down by U.S. data showing tepid inflation and a slippage in Treasury yields.
U.S. benchmark 10-year yields were last at 1.136%, down 2 basis points from Monday’s level. The dollar extended losses after data showed U.S. underlying inflation remained benign. Excluding the volatile food and energy components, the CPI was unchanged for a second straight month. Tame inflation data made it more likely the Federal Reserve would keep interest rates ultra-low.
For the day the Dow is trading at 31,437.80 up with +percent or +61.97 point. The S&P 500 is trading at 3,909.88 with a loss of – percent or –1.35 point. The Nasdaq Composite is trading at 13,972.53 with a loss of – percent or -35.16 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 2,282.44 with a loss of -0.72% percent or -16.56 point; the S&P 600 Small-Cap Index closed at 1,290.93 with a loss of – percent or -4.46 point; the S&P 400 Mid-Cap Index closed at 2,519.24 with a loss of – percent or ?3.90 point; the S&P 100 Index closed at 1,794.74 with a loss of – percent or ?2.94 point; the Russell 3000 Index closed at 2,370.67 with a loss of –percent or –1.03 point; the Russell 1000 Index closed at 2,221.30 up with +or +0.19 point.