On Thursday night, stock futures were slightly higher as Wall Street hoped to close the week with a positive outlook after an historic inflation report.

Futures contracts that are tied to Dow Jones Industrial Average saw a 40 point increase. Those for the S&P 500 and Nasdaq 100 each added 0.1%.

Futures move after stock market seems to have stood the test of time hottest inflation report in 30 years on Wednesday. Although the major indexes have been able to break five consecutive winning streaks, they still fall short of their most recent records.

Randy Frederick is the Schwab Center for Financial Research’s managing director for trading derivatives and trading. He stated that year over year comparisons to an unusual 2020 and rising wages could have weakened the reaction to the report on inflation and may allow the Federal Reserve be more accommodating than the increase in prices would indicate.

While inflation gets big headlines because prices are rising, there are also wage rises that are about the same as inflation. Frederick explained that while inflation is certainly real, its impact on the economy isn’t as significant as some people might think.

Inflation was the most recent complication in economic data investors had to deal with over the past weeks. Professional investors are optimistic about 2022.

Brent Schutte (chief investment strategist, Northwestern Mutual) stated that he thinks we have probably experienced multiple supply chain disruptions and believes the labor market will soon be more open to competition.

More dramatic activity has been seen in the bond markets this week. The inflation report resulted in a significant reversal in Wednesday’s decline in the 10-year Treasury yield. For Veterans Day, Thursday saw the bond market close.

The following is the Thursday schedule the tech-heavy Nasdaq Composite rose 0.5%, while the S&P 500 edged slightly higher. Dow fell nearly 160 points after being dragged lower by Disney’s post-earnings slide

Through Thursday, the Dow is down 1.1% for the week, while the S&P 500 and Nasdaq are down 1% and 1.7%, respectively.

Friday will be a quiet day for investors after an intense week of earnings reports and economic data. Friday’s preliminary reading for November consumer sentiment will be published along with the September report regarding job openings, labor turnover and other data.