Nasdaq futures indicated an upward trajectory in anticipation of the postponed Consumer Price Index data on Thursday, while the blue-chip Dow Jones Industrial Average and the benchmark S&P 500 sought to break a four-session streak of losses. Futures linked to the tech-heavy Nasdaq, S&P 500, and Dow experienced increases of 0.8%, 0.5%, and 0.2%, respectively. Yesterday, they experienced declines of 1.8%, 1.2%, and 0.5%, as concerns regarding the AI bubble reemerged. The delayed inflation report scheduled for 8:30 a.m. is anticipated to reveal that the Consumer Price Index increased by 3.1% year-over-year in November, based on a survey conducted by economists. This represents an increase from 3% in September and signifies the highest annual inflation rate since May 2024. Core inflation is anticipated to have increased by 3% year-over-year, consistent with the figure from September, according to the median forecast.

In corporate news, shares of Broadcom and Oracle, which ended down a respective 4.5% and 5.4% yesterday, were up more than 1% in premarket trading. Also rebounding Thursday were shares of AI chipmakers Nvidia and Advanced Micro Devices, which finished down a respective 3.8% and 5.3% Wednesday but were up more than 1% before the bell. Shares of memory chip maker Micron Technology surged over 10% following the company’s earnings report, which significantly exceeded analysts’ expectations, fueled by increasing demand for AI hardware. Tesla shares, which sank 4.6% yesterday after surging to an all-time high Tuesday, advanced about 1.5% in premarket trading.

Shares of Nike and FedEx increased by 0.8% and 0.6%, respectively, in anticipation of their quarterly results scheduled for release after the market closes today. West Texas Intermediate futures, the U.S. crude oil benchmark, increased by 0.3% to $56.10 a barrel. Gold futures declined by 0.3% to $4,360 per ounce, yet they continue to hover near their historical peak of $4,398 established on October 20.

The 10-year Treasury yield, a key determinant of interest rates across various commercial and consumer loans, decreased to 4.13% from Wednesday’s closing figure of approximately 4.16%. Bitcoin exhibited limited volatility, fluctuating within a narrow band near $87,100. The U.S. dollar index, which monitors the value of the greenback relative to a selection of foreign currencies, registered an increase of 0.1%, reaching 98.51.