DJIA futures up 90 points (Il Sole 24 Ore Radiocor) - New York, 30 Aug - US futures were higher on the last trading day of the month ahead of a key inflation report closely monitored by the Federal Reserve.

Wall Street ended mixed yesterday as a late slide for tech stocks reversed earlier gains to leave the Nasdaq down 0.2% and the S&P 500 virtually unchanged. The Dow, comprised primarily of industrial names, managed a 0.6% gain to post its third all-time high since Monday.

Today's personal consumption expenditures price index is expected to show headline prices in July rose 0.2% from the previous month and 2.6% from a year earlier. The core index, stripping out food and energy prices, is seen up 0.2% and 2.7%.

The Fed keeps close tabs on this gauge and the reading could have an impact on the interest rate decision policymakers will take at their next monetary policy meeting in September.

Last week Fed chief Jerome Powell signalled the time was right for an interest rate cut, but did not say when or by how much.

On the stocks front, shares in Dell Technologies were up 5.5% in premarket trade as the PC maker reported higher revenue and profit. Data analytics company Elastic NV slumped almost 28% after it unveiled a quarterly loss while Lululemon Athletica was up 4.5% after beating estimates.

Futures on the Dow Jones were up 90.00 points, or 0.22%, S&P 500 futures were up 24.50 points, or 0.44%, while futures on the Nasdaq were 147.75 points, or 0.76%, higher.

AAA-Sje

(RADIOCOR) 30-08-24 13:53:12 (0330) 5 NNNN