U.S. stock futures firm after Nasdaq hits 2-year low and traders await inflation data Jamie Chisholm 

On Wednesday, U.S. stock futures indicated that Wall Street was attempting to snap a five-day losing streak as bond rates declined ahead of significant inflation data.

The S&P 500 down 24 points, or 0.65%, to 3589 on Tuesday, while the Nasdaq Composite fell 116 points, or 1.1%, to 10426.

The Dow Jones Industrial Average increased 36 points, or 0.12%, to 29239.

The S&P 500 finished with a loss of 1,177 points, or 24.7%, for the year.

After persistent worries about the Fed's intention to keep raising interest rates while battling to combat inflation had driven 

 stock benchmarks to new lows, buyers cautiously started to return to U.S. equity index futures.

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