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Futures rise before inflation data, crypto stocks up after ETF approval

Published by
Reuters

(Reuters) – U.S. stock index futures edged higher on Thursday ahead of a consumer inflation print that could test hopes of an early start to interest-rate cuts, while crypto stocks rose after regulatory approval for exchange-traded funds tracking Bitcoin. The benchmark S&P 500 has recovered nearly 17% from its October lows, gaining steam in December after the Federal Reserve hinted it was reining in inflation and rate cuts were “coming into view”. The index is now a hairsbreadth away from its record closing high of 4796.56, hit in early January 2022. Market attention is focused on the December…

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