Here’s the latest news on what stocks are doing ahead of key US inflation report.
After ending a five-day win streak Tuesday, US stock futures were mixed Wednesday. Investors are eagerly awaiting the minutes from last month’s Fed meeting, which could reveal how quickly Fed officials plan on tapering asset purchases or raising rates. Here’s where things stand as of 6 am ET: Apple, Google and other big companies around the world are continuing to add to their massive piles of cash, a sign that corporations are increasingly nervous about how the highly contagious Delta variant of Covid-19 could damage the global economy.
