S&P 500 and Nasdaq futures inched higher on Thursday, aided by strong quarterly results from Bank of America, while investors awaited economic data that could offer insights into the health of the world's largest economy.

Key Takeaways The S&P 500 jumped 1.8% on Wednesday, Jan. 15, as several financial firms reported solid results and a downtick in core inflation revived rate-cut hopes.Tesla stock surged after reports of strong demand in China for its updated Model Y and upbeat analyst commentary on its AI and robotaxi initiatives.

Wall Street's main indexes soared on Wednesday, with the benchmark S&P 500 touching a one-week high, driven by lower-than-expected December core inflation data and robust quarterly earnings from major U.

The SP 500 surged on Wednesday as easing inflation and robust quarterly results from major banks lifted market sentiment. The Dow Jones gained 1.7%, the SP 500 climbed 1.8%, and the NASDAQ soared 2.5%.

Futures tracking Wall Street's main indexes were muted on Wednesday as investors awaited a slew of big bank earnings and a crucial inflation report that could influence market direction, especially for U.