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 higher late Thursday, back on record ground, despite a hotter-than-expected reading on July PPI.

Good morning. Futures are slightly up this morning after Tuesday's inflation report, which saw the Russell 2000 rise nearly 3%. The S&P 500 and Nasdaq set fresh records, while the former surpassed 6,400 for the first time. There are 168 earnings reports on deck for today, per data from TipRanks.