US stock futures hovered around the flatline as Wall Street awaited another pulse check on inflation after Tuesday's tepid figures sent rate-cut bets and markets soaring.

Stocks were lower Thursday, easing back from record highs, as investors grappled with a hotter-than-expected reading on July PPI.

However, some growth stocks lost some of their luster on the stock market today. Please watch the video at Investors.com - Life-Changing Moment, But Use These Strategies To Avoid FOMO: Monthly Market Report The Dow ended up 1%,

Rate cut hopes gained steam on another strong day on Wall Street, but inflation data and weekly jobless claims could swing sentiment.

The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.

Stock markets across the world opened to a sea of green on Wednesday after the US stock market rallied to records on the back of lower inflation as compared with June figures, although overall, prices of goods have been rising steadily since the beginning of the year.