Stock market today: Live updates

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Stock market today: Live updates

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Traders on the flooring of the New York Stock Exchange on April 14, 2022.

Source: NYSE

Stock futures ticked lower Wednesday as financiers expected an essential inflation report due later on today.

Futures connected to the Dow Jones Industrial Average slipped 40 points, or 0.1%. S&P 500 futures drew back 0.08%, while Nasdaq 100 futures moved 0.2%.

In after-hours trading, online market eBay leapt more than 3% after revealing that it was raising its quarterly dividend and would invest an extra $2 billion on buybacks. Urban Outfitters lost 10% after missing out on quotes on the leading and bottom lines in the 4th quarter.

In Tuesday’s routine session, the S&P 500 and the Nasdaq Composite ended the day with little gains, up 0.17% and 0.37%, respectively. The 30- stock Dow succumbed to a 2nd straight day, off by 0.25%.

The S&P 500 and the Dow are off the highs they simply notched late recently, however financiers might wish to reconsider before they strongly increase on equities.

“I just don’t think you chase at this point,” Drew Pettit, director of U.S. equity technique at Citi, stated on CNBC’s “Closing Bell: Overtime.” “A lot of good news is getting priced in – we are actually trading up even though the reporting season really hasn’t been great; we really haven’t had a lot of broad beats and broad raises.”

“Enjoy the ride in equities right now,” he included. “Just wait for a better time if you want to be more aggressive.”

On Wednesday, financiers will aim to incomes arise from merchant TJX Cos and pharmaceutical business Viatris in the early morning. Salesforce will publish its quarterly numbers after the close.

On the financial front, financiers will try to find wholesale stocks informationWednesday However, the individual intake expense reading for January will be the centerpiece on Thursday, as it’s the Federal Reserve’s favored step of inflation.