Investing.com -- U.S. stock futures edge up, suggesting an extension to a rally on Wall Street that was sparked by data showing a slowdown in inflation last month. Wagers that the Federal Reserve could roll out two interest rate reductions this year were bolstered by the report, although analysts noted that the central bank will likely need to see more proof that price growth is easing back down to its target level.
This notion limited any major gains in Bitcoin, keeping the token trading comfortably within a $60,000 to $70,000 range established over the past two months. The performance also comes as capital flows and trading activity in spot exchange-traded funds, which were a key driver of a March rally in Bitcoin, largely stagnated in recent weeks.
Even still, shares in the company have jumped by 12.7% so far this year and are exchanging hands at around 25 times expected earnings, in a sign that investors believe that it will unveil solid quarterly results. The earnings release before the bell on Thursday could test this optimism.Chubb rose 7.5% after-hours to a record high of $271.84, after Berkshire said in a filing it owned 25.9 million shares in the firm as of March 31.
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