The May producer price index is set to be released on Thursday, with economists predicting a slight increase of 0.1% from the previous month. This news comes as another inflation reading is due out, providing insight into the current economic landscape.
In other financial news, stocks are making big moves after hours, with Broadcom seeing a 13% jump in shares after exceeding second-quarter expectations and announcing a stock split. On the flip side, Dave & Buster’s Entertainment and Oxford Industries experienced drops in share prices after missing revenue estimates. Virgin Galactic also saw a significant decline after announcing a reverse stock split.
Looking ahead, S&P 500 futures opened higher on Wednesday night, with Nasdaq 100 futures also seeing a climb. Despite this positive start, Dow Jones Industrial Average futures fell slightly, indicating a mixed outlook for the market.
Stay tuned for more updates on these developments as they unfold.
