Stock market today: Nasdaq jumps to lead Dow, S&P 500 futures higher with inflation report on deck

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Stock futures gained as investors awaited the first CPI inflation report under the Trump administration.

Futures on the S&P 500 (ES=F) climbed 0.8%, while Dow Jones Industrial Average futures (YM=F) rose 248 points, or 0.6%. Those on the tech-heavy Nasdaq 100 (NQ=F) led, advancing 1% higher, after a jittery session Tuesday.

CME – Delayed Quote USD

5,621.25

+(0.79%)

As of 7:50:28 AM EDT. Market Open.

ES=F YM=F NQ=F

The Consumer Price Index, set for release at 8:30 a.m. ET, may be the latest event to put pressure on stocks as investors mount concerns of a US economic downturn. The report is expected to show price increases moderated in February.

Yahoo Finance’s Allie Canal writes:

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