Stock futures inch higher after S&P 500 notches highest close since April 2022: Live updates
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023. Brendan McDermid | Reuters Stock futures inched higher in overnight trading after the S&P 500 closed at its highest level in over a year. Markets also looked ahead to another key inflation reading. Disney shares added nearly 1% in extended trading after the entertainment giant extended CEO Bob Iger's contract through 2026, two years longer than planned. Futures tied to the S&P 500 rose 0.08%, while Nasdaq 100 futures added 0.14%. Futures connected to the Dow Jones Industrial Average gained 27 points, or 0.08%. Stocks surged on Wednesday after a cooler-than-expected June consumer price index report eased some worries that the Federal Reserve may tip the economy into a recession as it fights to bring down sticky inflation. The S&P 500 and Nasdaq Composite jumped 0.74% and 1.15%, respectively, to hit their highest closing levels since April 2022.