S&P 500 and Nasdaq futures inched higher on Thursday, aided by strong quarterly results from Bank of America, while investors awaited economic data that could offer insights into the health of the world's largest economy.

US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.

The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.