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U.S. stock futures were mostly flat Thursday after the market shrugged off a jump in consumer prices in the prior session with the Dow Jones Industrial Average and S&P 500 hitting records.
Futures for the Dow Jones Industrials gained 40 points, or 0.1%, to 35,412.
Futures for the S&P 500 eked ahead 2.75 points, or 0.1%, to 4,443.25.
Futures for the NASDAQ Composite Index edged up 11 points, or 0.1%, to 15,030.50.
Dow member Disney will report earnings after the closing bell. The shares, down slightly in 2021, were flat in the pre-market. Micron shares fell 2% in extended trading after Morgan Stanley predicted a slowdown in the memory chip market and downgraded the stock.
Investors are awaiting two key pieces of economic data and one big earnings report from a Dow member on Thursday. At 8:30 a.m. ET, weekly jobless claims are expected to total 375,000, down from 385,000 in the prior week, according to economists polled by Dow Jones.
Also, July producer prices will be released at 8:30 a.m. following Wednesday’s Consumer Price Index data. The PPI is expected to gain 0.6% month-over-month, moderating from June’s 1% pace.
Overseas, in Japan, the Nikkei 225 index faded 0.2%, while in Hong Kong, the Hang Seng index fell 0.5%.
Oil prices fell 41 cents to $68.84 U.S. a barrel.
Gold prices settled 80 cents to $1,752.80 U.S. a pound.
