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U.S. stocks appeared set for a negative opening on Wednesday as investors awaited the release of wholesale inflation data on Wednesday and consumer inflation numbers on Thursday, days before the Federal Open Market Committee’s (FOMC) September meeting.
While Dow Jones futures edged lower by 0.15% at the time of writing, the S&P 500 futures rose 0.25%, and the tech-heavy Nasdaq 100’s futures gained 0.19%. Futures of the Russell 2000 index were down 0.31%.
Meanwhile, the SPDR S&P 500 ETF (SPY) was up 0.28% at the time of writing, and Invesco QQQ Trust (QQQ) gained 0.24% on Wednesday morning. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.
Asian markets ended Wednesday’s trading session on a positive note, with the KOSPI leading with gains of 1.67%, followed by the TWSE Capitalization Weighted Stock index at 1.36%, and the Hang Seng index at 1.11%.
The Nikkei 225 gained 0.7%, while the Shanghai Composite index rose 0.13%.
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