BY THE NUMBERS

U.S. stock futures were flat Wednesday, one day after the Nasdaq erased earlier losses as bitcoin staged an intraday comeback. The tech-heavy index climbed to a record close. The S&P 500 finished just shy of last week's record close. Microsoft (MSFT) became the second company to surpass a $2 trillion market value, achieving that mark during Tuesday's session. Apple (AAPL), worth $2.2 trillion, was the first. (CNBC)

Like the S&P 500 and Nasdaq, the Dow on Tuesday also logged its second straight positive session. But after last week's plunge, the 30-stock average still needs to add nearly 2.5% to top its latest record high close in early May. (CNBC)

Fed Chairman Jerome Powell's latest reassurances about inflation put a lid on bond yields. The 10-year Treasury yield was little changed early Wednesday, trading around 1.47%. But even with U.S. oil prices topping $73 per barrel in this year's 52% surge, Powell continued to attribute most of the recent inflation surge to factors closely tied to the economic recovery from the pandemic. (CNBC)

* Powell says it's 'very, very unlikely' the U.S. will see 1970s-style inflation (CNBC)