watch
now
Stock
futures
were
flat
on
Wednesday
evening
as
Wall
Street
looked
to
build
on
a
modest
rebound
with
key
economic
data
on
deck.
Futures
tied
to
the
Dow
Jones
Industrial
Average
ticked
down
17
points,
or
less
than
0.1%.
S&P
500
futures
were
little
changed,
and
Nasdaq
100
futures
dipped
less
than
0.1%.
Stocks
rallied
on
Wednesday
but
did
not
erase
all
of
the
losses
from
Tuesday’s
sell-off,
which
came
on
the
heels
of
a
hotter-than-expected
inflation
report.
The
S&P
500
recaptured
the
5,000
level,
closing
slightly
above
it.
Investors
are
weighing
whether
the
Federal
Reserve
can
bring
down
inflation
without
derailing
an
economy
that
keeps
surprising
to
the
upside.
“Resilient
growth
is
buoying
inflation,
which
should
also
put
upward
pressure
on
rates.
However,
strong
economic
activity
is
also
supporting
earnings.
And
looking
forward,
the
market
is
trading
more
on
economic
growth
and
earnings
projections
than
interest
rates
and
inflation,”
said
Dylan
Kremer,
chief
investment
officer
at
Certuity.
Investors
will
get
another
update
about
the
state
of
the
U.S.
economy
on
Thursday,
with
January
retail
sales
and
weekly
unemployment
claims
data
due
out
before
the
opening
bell
on
Wall
Street.
Earnings
season
continues
to
paint
a
muddled
picture
of
corporate
America.
Cisco
shares
were
down
5%
in
extended
trading
after
the
tech
company
announced
layoffs
and
weak
forward
sales
projections.
Tripadvisor
jumped
7%
after
beating
estimates
on
the
top
and
bottom
lines.
Fast-food
company
Shake
Shack
is
scheduled
to
report
earnings
before
the
bell
Thursday.
