Future U.S. stock markets rose Wednesday ahead of U.S. inflation data, as investors place their hopes on a new Washington stimulus.
Futures tied to the S&P 500 and the Nasdaq-100, which has had a high technological weight, rose 0.4%. Dow Jones industrial average contracts added 0.3%. Read our full market summary here.
What’s going on?
–Gains are due of Zillow, Zynga and Wyndham Hotels & Resorts after closing.
Market Movers to Watch
– Lyft shares are eliminated with an 11% increase in the market before Uber’s competitor reported a narrower quarterly loss, even when the pandemic hit its business. Uber itself added 6.4%.
—Shares from security and technology company Akamai have fallen 7.8% ahead of the bell. After Tuesday’s close, it posted higher revenue in the fourth quarter, but profits fell in part due to higher costs and operating expenses.