Wall Street futures displayed a mixed performance and modest gains prior to the market opening on Wednesday, as traders assessed the latest earnings reports and looked ahead to the inflation data from Washington. The consumer price index (CPI) for November is scheduled to be released at 8:30 am ET, with analysts forecasting a year-on-year increase of 2.7%, alongside a 3.3% rise in the core CPI, which excludes certain food and energy prices. Any reading significantly deviating from expectations could influence the decisions made at the Federal Reserve's upcoming policy meeting. In futures trading, the S&P 500 increased by 0.1%, the Nasdaq rose by 0.2%, while the Dow Jones experienced a slight decline of 0.2%. Asian markets exhibited a varied trend overnight, although Seoul managed to record its second consecutive day of gains despite internal political challenges. European markets were stable as midday approached on the continent. In pre-market announcements, Dave & Buster's Entertainment experienced a drop of 16% after the dining and entertainment chain revealed a third-quarter loss greater than anticipated and announced the resignation of its CEO on Tuesday. Photronics and REV are also among the companies that intend to release their earnings before the opening bell. The economic calendar today includes not only the CPI report but also the weekly MBA mortgage applications data at 7 am ET, and the weekly EIA petroleum status update at 10:30 am. In pre-market trading, Bitcoin was priced at $98,529, West Texas Intermediate crude oil was higher at $69.22, and 10-year US Treasuries yielded 4.24%.
Meanwhile, spot gold was trading at $2,726 per ounce..