Stocks steady ahead of next inflation update

Get Our Email Newsletter
The companies, people and issues shaping business in Madison and the Capital Region.

Markets were steady on Wall Street Thursday, the Associated Press reports, with futures for the S&P 500 and Dow Jones Industrial Average each ticking up 0.1% ahead of the bell and Nasdaq futures remaining unchanged.

Dollar General climbed 6% after it hit Wall Street’s third-quarter sales projections and profits came in ahead of expectations.

Five Below was up 4.5% after the discount gift store chain trounced analysts’ third-quarter profit expectations and raised its full-year guidance.

In energy markets, U.S. benchmark crude oil jumped 31 cents to $59.26 per barrel. Brent crude, the international standard, gained 26 cents to $62.93 per barrel.

Advertisement

On Friday, the government will release the Personal Consumption Expenditures price index, the Federal Reserve’s preferred measure of inflation, which central bank officials will consider in their next interest rate decision.

Digital Partners