Dow Jones Futures Rise Ahead Of Key Inflation Data

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Wall Street futures rose Thursday, July 11, as inflation data loomed and electric-vehicle sales in China soared. 

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Dow Jones Futures rose 0.4%, above their Wednesday close and 50 points above fair value. S&P 500 futures climbed 0.3% but Nasdaq futures fell 0.2%.

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U.S. stock markets closed mostly higher Wednesday as Federal Reserve Chairman Jerome Powell reaffirmed the central bank's easy monetary policy stance. 

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But the Dow Jones Industrial Average lagged as a big drop in Boeing (BA) shares weighed.

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The key inflation report for June is due out at 8:30 a.m. ET. Economists expect the consumer price index to rise 0.4% vs. May's 0.1% gain, according to Econoday. 

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Excluding food and energy, the so-called core CPI is seen climbing 0.2%, matching the prior month's increase

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In China, electric vehicle sales surged in June, with Nio (NIO) and Xpeng (XPEV) leading the way.

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Dow Jones Futures: Boeing Weighs on Stock Market

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Dow Jones futures rose Thursday morning, ahead of the key inflation report for June. 

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Boeing (BA) weighed on the Dow Jones Industrial Average on Wednesday. 

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But the stock market rally continued as Federal Reserve Chairman Jerome Powell reaffirmed the central bank's easy monetary policy stance.

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