US Stock Futures Inch Up Amid Hot Inflation Data

On Thursday, US stock futures slightly advanced in the trading market amid the soaring American inflation data. 

Accordingly, the Dow futures slightly rose 0.02% or 7.00 points to $35,999.00 per share. 

Similarly, the contracts in the S&P 500 advanced 0.15% or 7.00 points to $4,649.00 per share. 

At the same time, the Nasdaq futures elevated 0.24% or 37.00 points to $16,016.75 per share. 

On Wednesday, the consumer price index (CPI) amplified to 0.20% from a year ago, surpassing the projected 0.40%. 

Following the persistent inflation data, investors moved up their expectations on when the first Federal Reserve rate hike would occur. 

Meanwhile, some stocks made huge moves in the after-hours trading as US stock futures improved. 

For instance, the Walt Disney Company plummeted 4.56% or 7.95 points to $166.50 per share in the after-hours trading.

The plunge came after the media giant failed to touch the top and bottom lines of its fourth-quarter 2021 results, mirroring slower streaming growth. 

Its earnings per share fell to $0.37 on revenue of $18.53 billion from the expected $0.51 on $18.79 billion. 

In addition, Disney+ subscribers lowered to 118.10 million, missing the analysts’ estimate of $125.40 million.

Conversely, Affirm surged 27.33% or 36.50 points to $170.03 in post-trading. This is after it announced the expansion of its partnership with Amazon. 

In line with this, the fintech business will serve as the sole third-party buy now, pay later option for the e-commerce giant in America. 

Subsequently, its first-quarter fiscal 2022 revenue edged higher to $269.40 million from the forecasted $248.20 million.

Likewise, finance company SoFi soared 12.39% or 2.53 points to $22.95 per share after it reported solid third-quarter earnings. 

Wall Street Fell, while US Stock Futures Up

Meanwhile, Wall Street indexes closed lower as US stock futures climbed. 

The benchmark Dow Jones Industrial Average tumbled 0.66% or 240.04 points to $36,079.94 per share. 

Also, the S&P 500 index shed 0.82% or 38.54 points to $4,646.71 per share. 

Correspondingly, the Nasdaq Composite index fell 1.66% or 263.84 points to $15,622.70 per share. 

Moreover, shares in the Asia-Pacific region mixed as US stock futures gained. 

In Japan, the Nikkei 225 index increased 0.47% or 127.88 points to $29,235.02 per share. 

Then, the broader TOPIX index jumped 0.23% of 4.67 points to $2,012.74 per share. 

In China, the Shanghai Composite index strengthened 0.69% or 24.69 points to $3,516.95 per share. 

Inversely, Hong Kong’s Hang Seng index curtailed by 0.13% or 22.84 points to $24,967.01 per share. 

In Australia, the S&P/ASX 200 index reduced 0.61% or 45.40 points to $7,378.50 per share.

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