HomeFinancial MarketsFutures Mixed as Investors Await Key PCE Inflation Data

Futures Mixed as Investors Await Key PCE Inflation Data

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.

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