Investing.com -- U.S. stock futures hovered mostly around the flatline on Wednesday, as investors awaited the release of minutes from the Federal Reserve's latest meeting and fresh labor market data. The main indices climbed in the previous session, with the benchmarkSentiment was aided as well by data showing that job openings in the U.S. increased in May following declines in the previous two months, although layoffs rose.
Speaking at an European Central Bank event on Tuesday, Fed Chair Jerome Powell predicted that inflation will return to 2% by late 2025 or the following year, but said policymakers will"take their time" before slashing rates. The news agency, citing people familiar with the matter, said Skydance would pay $1.75 billion for National Amusements, the movie theater chain and holder of the Redstone family's 77% interest in Paramount.
The industry body American Petroleum Institute released data on Tuesday showing that U.S. crude oil inventories fell by just over 9 million barrels in the week ended June 28, much more than expected.
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