Stock market futures are pointing higher today as investors react to a rise in CPI inflation and a surge in jobless claims. The Dow, S&P 500, and Nasdaq are all expected to open higher, reflecting optimism in the market despite economic challenges.

Inflation data released today showed an increase in the Consumer Price Index, indicating rising prices for goods and services. This uptick in inflation could have implications for future monetary policy decisions by the Federal Reserve, as policymakers navigate a recovering economy.

Jobless claims surged this week, reaching levels not seen since early April. The increase in unemployment claims reflects ongoing challenges in the labor market, as businesses continue to navigate the impact of the pandemic and other economic factors. Investors will be closely watching for any signs of improvement in the job market.

Read more at Yahoo Finance: Stock market today: Dow, S&P 500, Nasdaq futures tip higher as CPI inflation picks up, jobless claims surge