Stock futures were mostly down on Wednesday as Wall Street waited for the Federal Reserve’s preferred inflation gauge, the final major economic data due before the Thanksgiving holiday.
Futures tracking the Dow Jones Industrial Average edged up 25 points, or 0.1%, while contracts tied to the S&P 500 were down 0.1%. Futures for the tech-heavy Nasdaq 100 index dropped 0.2%.
Both the S&P 500 and Dow had closed at record levels on Tuesday, as investors shrugged off President-elect Donald Trump’s tariff threats. The market’s focus will now turn to the October personal consumption expenditures price index, which the Bureau of Economic Analysis is set to publish at 10 a.m. Eastern Time Wednesday.
