Investors await February wholesale inflation data for a last data point before next week’s Federal Reserve meeting; Adobe (ADBE) reports quarterly results after the closing bell, with its AI tool Firefly in focus; Fisker (FSR) shares are tumbling in premarket trading as the electric vehicle company reportedly is considering a bankruptcy filing; global oil markets face a supply deficit this year; and Robinhood Markets (HOOD) shares are gaining after its February trading volumes surged. U.S. equity futures are edging higher as investors await the inflation numbers, while bitcoin is hovering near $73,000. Here’s what investors need to know today.
Wholesale price data due today will be keenly watched as it will be the last inflation report before the Federal Reserve’s policy committee meets next week to discuss interest rates, and also comes after the once-again-hotter-than-expected consumer reading earlier this week. The Producer Price Index (PPI), which …