United States stock futures traded slightly lower on Wednesday evening (Thursday AEDT) as markets cooled following a CPI-driven rebound.
By 9:20 am AEDT (10:20 pm GMT), Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq 100 futures each slipped 0.1%.
In extended trading, Adobe slipped 4.2% after the company reported mixed quarterly results. Adobe projected second-quarter revenue between US$5.77 billion and $5.82 billion, aligning with estimates of $5.8 billion.
SentinelOne tumbled 13.2% after issuing first-quarter guidance below expectations, forecasting revenue of $228 million versus $235.5 million expected.
American Eagle Outfitters declined 5% after forecasting a first-quarter revenue drop.
Meanwhile, Intel surged 11.4% after announcing Lip-Bu Tan as its new CEO, effective March 18. Tan, an industry veteran, brings extensive experience in the semiconductor sector.
During Wednesday’s regular session, tech stocks led gains as investors snapped up shares following the CPI report.
The Dow Jones Industrial Average eased 0.2%, the S&P 500 added 0.5% and the Nasdaq Composite advanced 1.2%.
The technology sector climbed nearly 1.6%, with Nvidia and Palantir Technologies among the strongest performers.
February’s Consumer Price Index (CPI) report showed inflation cooling more than anticipated, with prices rising 0.2% month-over-month and 2.8% annually.
The softer reading provided some relief to traders concerned about inflationary pressures, particularly amid ongoing trade policy shifts.
President Donald Trump’s steel and aluminium tariffs took effect on Wednesday, prompting Canada to impose a 25% retaliatory duty on steel, aluminium, computers, sports equipment and other U.S. goods.
Investors now turn their focus to key economic reports due Thursday, including weekly jobless claims and the February Producer Price Index (PPI), which will provide further insight into inflation trends.
