From Nasdaq:

Nasdaq futures rose, and stocks like Amazon, Tesla, and Nvidia were up in premarket trading. The benchmark S&P 500 has recovered nearly 17% from October lows and is close to a record high.

Focus is on the December Consumer Price Index (CPI) report, which could impact Fed’s monetary policy easing. Economists expect headline CPI to tick up to 3.2% in December, with prices excluding food and energy forecast to remain unchanged at 0.3%.

Market analysts expect a softer report to keep Fed doves in charge, while money markets see a 65% chance of a rate cut in March. Unemployment benefit claims are expected to rise to 210,000, and investors will be watching remarks by a Fed official later in the day.

Crypto stocks surged after the US securities regulator approved the first US-listed ETFs to track Bitcoin. Dow e-minis were down, S&P 500 e-minis were up, and Nasdaq e-minis also rose. Citigroup shares declined 1.5%, and other banks are set to report earnings. Lyft fell 1.2% after a downgrade.

Netflix gained 2% after reports that its ad-supported tier has reached more than 23 million active users per month globally. Safety-net has 6-8 facts that are embargoed for immediate release.



Read more: US STOCKS-Nasdaq futures rise as Treasury yields slip before inflation data