US equity futures remained steady ahead of Wednesday's market opening as investors carefully analyzed consumer inflation data to glean insights on the impending direction of the Federal Reserve's monetary policy. The futures of the Dow Jones Industrial Average declined by 0.2%, while both the S&P 500 and Nasdaq futures also saw a drop of 0.2%.
Meanwhile, oil prices experienced an uptick, with the global benchmark North Sea Brent crude rising 0.3% to $72.11 per barrel, and US West Texas Intermediate increasing by 0.4% to $68.38 per barrel. The Consumer Price Index, unveiled at 8:30 am ET, indicated a 0.2% rise in consumer prices for October, consistent with the previous month's increment and aligning with estimates compiled by Bloomberg.
In international markets, Japan's Nikkei closed lower by 1.7%, and Hong Kong's Hang Seng witnessed a modest decline of 0.1%, while China's Shanghai Composite rose by 0.5%. The UK's FTSE 100 slipped 0.2%, with Germany's DAX index declining 0.5% during Europe's early afternoon session. In the stock market, shares of Dave surged 33% in pre-market trading following the company's announcement on Tuesday to raise its financial guidance for 2024.
Conversely, Vroom's stock plummeted by 34% after the company revealed plans to file a prepackaged Chapter 11 reorganization plan..