U.S. stock futures are climbing as Wall Street responds favorably to strong earnings reports from major companies. However, the upcoming release of the December Consumer Price Index (CPI) report may impact market sentiment.

The Bureau of Labor Statistics is scheduled to publish the CPI data at 8:30 a.m. Eastern Time, with expectations of a slight increase in inflation to 2.8%. This figure highlights ongoing challenges in achieving the Federal Reserve’s target of 2%.

In addition to the CPI report, key market players such as:

• Eli Lilly
• Nvidia
• Plug Power
• Palantir

are contributing to the optimistic outlook in pre-market trading. Meanwhile, Treasury yields have declined, further influencing the financial landscape as investors await important economic indicators.

📎 Related coverage from: barrons.com