Stock investors are focusing on the US consumer price index (CPI) data report which also has an impact on global market movements.
Wall Street is seen continuing to climb on Thursday even though investors are still waiting for the next inflation indicator, the US producer price index (PPI) and earnings reports from several other companies.
Investors will be watching the PPI data which shows how much business costs have increased, as it could influence the Federal Reserve's (Fed) interest rate decision.
Weekly unemployment claims data will also be released, which will show whether more people are losing their jobs or the job market remains strong.
On Wednesday, the stock market was seen not recording a significant increase, due to the rising CPI data, suggesting that a rate cut for the time being is unlikely to happen to control inflation.
The S&P 500 fell 0.27%, the Dow Jones fell 0.5% while the Nasdaq rose 0.03%.
However, market sentiment is seen as positive, influenced by the tariff exemption factor for now.
