Economic news

Futures Eextend Gains Sharply after Inflation Data

Dec 10 (Reuters) - U.S. stock index futures extended gains sharply on Friday after data showed inflation in November was in line with expectations, easing some pressure from the Federal Reserve to move ahead with its aggressive policy tightening.

At 8:33 a.m. ET, Dow e-minis were up 178 points, or 0.5%, S&P 500 e-minis were up 28.75 points, or 0.62%, and Nasdaq 100 e-minis were up 94.25 points, or 0.58%.

Moments before the data, Dow e-minis were up 98 points, or 0.27%, S&P 500 e-minis were up 17 points, or 0.36%, and Nasdaq 100 e-minis were up 42.5 points, or 0.26%.

Reporting by Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel

Source: Reuters


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