U.S. futures emerged mixed on Thursday morning as investors awaited the release of a key Personal Consumption Expenditures (PCE) index report later in the day. Futures listed on the Dow Jones Industrial Average edged 0.3% higher while those on the S&P 500 were up by just 0.1%. Those on the Nasdaq 100 slipped 0.1%.
As the Federal Reserve’s preferred inflation gauge, the incoming PCE report will provide insight into the central bank’s next moves at its September meeting. A reading of the United States weekly jobless claims is expected later on Thursday, while jobs data for August will be released on Friday.
Shares in UBS were up by 5% after the bank announced a quarterly profit of $29 billion, while Dollar General stocks plummeted by 13% after the company decided to cut its annual sales and profit forecasts following a decline in store traffic.