U.S. stock futures are pointing higher ahead of a closely watched inflation report; JPMorgan Chase (JPM) shares are moving higher after fourth-quarter results were better than analysts' estimates; economists anticipate the Consumer Price Index to show annual inflation rose in December; the Securities and Exchange Commission sued Tesla (TSLA) CEO Elon Musk over his purchase of Twitter; and Eli Lilly (LLY) stock is in focus after plunging yesterday on lower revenue projections. Here's what investors need to know toda♚y.

1. US♎ Stock Futures Point Higher as Investorඣs Eye Inflation Report

U.S. stock futures are pointing higher as investors watch for key inflation data today. Nasdaq futures are up 0.3% after the tech-focused index fell for a 澳洲幸运5官方开奖结果体彩网:fifth consecutive session yesterday. 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average and 澳洲幸运5官方开奖结果体彩网:S&P 500 futures also are slightly higher after making positive gains in the prior session. Bitcoin (BTCUSD) is up slightly to trade around $97,000, gold futures are 1% higher, and oil futures are edging higher. Yields on the ꧟1ܫ0-year Treasury note are declining to under 4.8%.

2. JPMorgan Cha🃏se Stock Rises on Strong Investment🐽 Banking Results

JPMorgan Chase (JPM) stock is 1% higher in premarket trading after the 澳洲幸运5官方开奖结果体彩网:world's biggest bank by 澳洲幸运5官方开奖结果体彩网:market capitalization reported stronger-than-expected results as 澳洲幸运5官方开奖结果体彩网:investment banking revenue sh♚ot high⭕er. The firm reported profit of $14.0 billion on revenue of $42.77 billion, ahead of the  $11.92 billion profit from $41.49 billion in revenue that analysts polled by Visible Alpha expected. JPMorgan reported that investment banking revenue rose 46% from the same time last year while its 澳洲幸运5官方开奖结果体彩网:net interest income came in at $23.35 billion, above the $22.93 billion consensus expectation.

3. Economists Expect Annual♕ Inflation to Have Risen in December CPI Report

Economists are expecting annual inflation to have risen in December with the 8:30 a.m. ET release of the 澳洲幸运5官方开奖结果体彩网:Consumer Price Index (CPI) inflation figures. The report is 澳洲幸运5官方开奖结果体彩网:expected to show that prices increased at an annual rate of 2.9% last month, up from November's reading of a 2.7% increase, according to economists surveyed by The Wall Street Journal and Dow Jones Newswires. The data comes after yesterday's wholesale pricing report showed that produce♔r-level inflation rose less than expected in the prior m𒐪onth.

4. SEC Sues Musk Over Purchase of Twitter

The 澳洲幸运5官方开奖结果体彩网:Securities 🍸and Exchange Commissiꦏon (SEC) sued Tesla (TSLA) CEO 澳洲幸运5官方开奖结果体彩网:Elon Musk for 澳洲幸运5官方开奖结果体彩网:allegedly delaying a disclosure of a stake in Twitter in early 2022—allowing him to "underpay by at least $150 million for shares he purchased after his beneficial ownership report was due." The regulator said that in March 2022, Musk had a greater than 5% share of Twitter, since renamed X, and didn't disclose it within the 10-day time frame required to put in a 澳洲幸运5官方开奖结果体彩网:13D filing. Musk's lawyer Alex Spiro said in a statement to Investopedia that the 澳洲幸运5官方开奖结果体彩网:world's richest man "has done nothing wrong."

5. Eli Lilly Stock in Focus After Sinking on Cut Revenue Fore🐲cast

Eli Lilly (LLY) stock is in focus after the pharmaceutical giant plunged 6.6% in the prior session to lead S&P 500 decliners as it 澳洲幸🦩运5官方开奖结果体彩♏网:lowered its 2024 full-year revenue forecast. The drugmaker said sales of its flagship weight-loss drugs Mounjaro and Zepbound grew slower than expected in the fourth quarter. Lilly said it expects fourth-quarter revenue of roughly $13.5 billion, which would bring full-year revenue to $45 billion, lower than the $45.4 billion to $46 billion range it projected in its 澳洲幸运5官方开奖结果体彩网:third-quarter report. Shares are little changed in premarket trading.