U.S. stock futures rose slightly on Wednesday night in anticipation of important inflation data that will be released Thursday morning.

Dow Jones Industrial Average futures rose 60 point, or 0.1%. S&P 500 futures and Nasdaq 100 futures were flat.

After the announcement of a quarter-end earnings beat, and doubled revenue from parks and experiences as well as its consumer products division, shares of Disney rose 8%. Uber surged 5% after reporting a revenue boost and rebounding from omicron-induced problems.

Regular trading saw Nasdaq Composite jump for the second consecutive day. Tech shares led the market higher, helping it to recover some losses after the January selloff that was also led tech names. The Nasdaq jumped 2.08% and the S&P 500 gained 1.5%, while the Dow Jones Industrial Average rose 305.28 points, or 0.86%.

The biggest pandemic winners were Shopify, Etsy and Zoom.

Art Hogan of National Securities, Chief Market Strategist said that the market has adopted a more positive tone in its tug-of-war between fear over Fed and better fundamentals as we have seen in earnings data and market sentiment. After its earnings reports, Disney’s performance is certainly better than Netflix.

Last month Netflix reported disappointing quarterly earningsInvestors became more cautious about tech stocks due to the increased volatility that came with trading.

Tech shares have seen a cooling in the yields on bonds, after they have risen this year. Nearly 1.945% was the benchmark 10-year Treasury bond.

Investors also prepared for Thursday’s Consumer Price Index Report, which will be released on Thursday. expected to showThe headline inflation rate for January was at its highest level since 1982. Core inflation (which excludes energy and food costs) is forecast to increase by 0.4% or 7.2% annually.

You’d find it hard to find anyone who doesn’t think the CPI numbers are going to rise because everyone seems to be trying to jumpfrog and become more hawkish regarding the Fed’s actions in the future. Hogab explained that it tends “to set us up to continue the rally.”

Twitter, Coca-Cola (Kellogg) and Kellogg should report earnings by the closing bell on Thursday. After the closing bell, Zillow, Affirm and Expedia will report.