traders work on the floor of the new york stock exchange nyse in new york city may 10 2023 us stock futures remained relatively flat on wednesday night after the latest inflation data hinted at signs of a cooldown dow jones industrial average futures fell by 21 points or 007 sp 500 rose just 001 while nasdaq100 futures dipped 003 market reactions were relatively muted during wednesdays main trading session the techheavy nasdaq composite gained 104 closing at 1230644 the sp 500 inched up 045 to 413764 meanwhile the dow jones industrial average ticked down 009 to end at 3353133 the consumer price index rose 49 in april from the previous year which came below economists estimates of a 5 increase according to dow jones meanwhile monthovermonth inflation of 04 came inline with economists expectations on the whole inflation is gradually slowing but still far too high comerica banks chief economist bill adams wrote in a note going forward inflation expectations are the big upside risk to inflation the longer inflation stays above the feds target the greater the risk that consumers and businesses begin expecting cpi to stay high long term softbank is set to report earnings thursday before the bell auto manufacturers honda motor and nissan are also scheduled to report earnings thursday morning wall street will also be keeping an eye on more economic data coming out the weekly jobless claims numbers from the prior week will be announced as well as the data from aprils producer price index which measures price changes in goods used by producers