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Stock futures are slightly higher as traders look ahead to November wholesale inflation report

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Stock futures edged up Thursday night as investors preempted new inflation data due Friday.

Futures tracking the Dow Jones Industrial Average rose 15 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures were up 0.13% and 0.18% respectively.shares of lululemon The stock fell more than 7% after the company gave a weaker-than-expected fourth-quarter outlook. Exceeding Wall Street Expectations Along with the third quarter results.

Earlier in the day, the S&P 500 rallied to break five consecutive days of losses. This is his longest winning streak since October. The broad market index rose his 0.75% and the Dow Jones Industrial Average rose 183.56 points (0.55%). The Nasdaq was his best performer of the day, up 1.13%.

Despite Thursday’s gains, all three major averages are on track for a fall this week. The S&P 500 is down 2.6% in a week and the Nasdaq is down more than 3%. The Dow average fell 1.8%.

Investors then wait for the November Producer Price Index report to be released on Friday. This report provides detailed information on how the Fed’s rate hikes are working to keep high inflation in check.

“[The stock market] It’s really relied heavily on inflation this year and will likely continue to depend on inflation,” Courtney Garcia, senior wealth adviser at Pain Capital Management, said Thursday on CNBC’s “Fast Money.” said in

More inflation data and the Federal Reserve meeting are top priorities for traders next week. The November CPI report, due on December 13th, will further indicate whether inflation is subsiding.

The central bank is widely expected to make a smaller rate hike of 0.5 percentage points on December 14, the last day of its December meeting.

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