U.S. stock futures rose Wednesday morning, Aug 13, building on Tuesday’s record highs. S&P 500 futures advanced 0.2%, Nasdaq 100 futures gained 0.2%, and Dow futures added 136 points (0.3%).

Tuesday’s session Aug 12, saw the S&P 500 climb 1.1% to 6,445.76 and the Nasdaq Composite jump 1.4% to 21,681.90, both setting new records.

The Dow Jones Industrial Average rose 483 points to 44,458.61, while the Russell 2000 surged nearly 3%.

The rally followed cooler-than-expected inflation data, with markets now pricing in a 94% chance of a September Fed rate cut.

Investors await Thursday’s producer price index report and the Fed’s Jackson Hole symposium later this month for further policy signals.

In corporate news, Cava shares fell 24% after disappointing results, while CoreWeave dropped 8% despite revenue growth.

Some analysts cautioned that the small-cap rally might reflect seasonal trends rather than fundamental strength.

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Source: CNBC