Salem Radio Network News Saturday, January 22, 2022

Business

Futures extend gains as CPI data in line with expectations

(Reuters) – U.S. stock index futures extended gains on Wednesday after consumer prices data came largely in line with expectations, easing some concern about faster-than-expected policy tightening by the Federal Reserve.

At 8:33 a.m. ET, Dow e-minis were up 147 points, or 0.41%, S&P 500 e-minis were up 18 points, or 0.38%, and Nasdaq 100 e-minis were up 70.75 points, or 0.45%.

Moments before data, Dow e-minis were up 94 points, or 0.26%, S&P 500 e-minis were up 10.5 points, or 0.22%, and Nasdaq 100 e-minis were up 55.5 points, or 0.35%.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel)

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