Stock futures open higher, shaking off earlier losses
Stock futures opened slightly higher Tuesday evening after dropping during the regular trading day, with September selling pressure returning to markets even after a report showed a slower-than-expected rise in inflation last month.
Contracts on the S&P 500 ticked above the flat line. Dow futures also steadied after the index shed nearly 300 points during the regular trading day, resuming declines and falling for the sixth time in seven sessions. Shares of technology heavyweight Apple (AAPL) rose in late trading after the company unveiled its latest line of new products, including the iPhone 13 and new iterations of the iPad, iPad mini, and Apple Watch.
Tuesday’s drop in equities came even following a cooler-than-anticipated print on inflation for August, which suggested some of the sharp increases in prices earlier this year were beginning to moderate. The Labor Department’s consumer…