U.S. stock index futures were marginally higher on Thursday ahead of another batch of economic data, after benign consumer inflation figures reinforced hopes for a September start to the Federal Reserve’s rate-cutting cycle. Most megacap and growth stocks edged up in premarket trading. Nvidia (NVDA.O), was an outlier with a 0.7% decline. Retail bellwether Walmart (WMT.N), added 6.3% after raising its annual profit forecast for the second time this year. On the data front, the Commerce Department’s retail sales data, due at 8:30 a.m. ET, is expected to show a 0.3% growth in retail sales in July on a monthly basis. “The bounce back in auto […]
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