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Dow futures tick higher after Wednesday's market rally - CNBC
Aug 11, 2022 1 min, 6 secs

Dow futures were higher in overnight trading on Wednesday after all the major averages posted sharp gains on the back of a better-than-expected July inflation report.

Futures tied to the Dow Jones added 0.27% or 89 points, while S&P 500 futures and Nasdaq 100 futures inched 0.26% and 0.38% higher, respectively.

The moves came after the headline consumer price index for July came in at 8.5%, slightly cooler than the 8.7% expected by analysts surveyed by Dow Jones, and raised questions as to whether inflation has hit its peak and the Federal Reserve will need to hike rates as aggressively as anticipated when it meets next month.

Futures tied to the Dow Jones added 0.06% or 19 points, while S&P 500 futures inched 0.04% lower.

Shares of Sonos and Bumble both tumbled in extended trading after reporting earnings for the recent quarter and slashing their respective full-year outlooks.

Sonos' stock dropped more than 19% after the company missed revenue and earnings estimates for the recent quarter and cut its full-year outlook.

Shares of Disney jumped more than 6% in after-hours trading as the entertainment company topped subscriber estimates for the recent quarter and posted a strong earnings beat

The company also beat earnings and revenue estimates for the recent quarter, noting that revenues within its parks, experiences, and products segment rose 72% year-over-year as attendance and occupied room nights ticked higher

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