S&P 500 Futures Rise 0.16% as Traders Await October CPI at 0.3%
Updated
Updated · CNBC · Nov 9
S&P 500 Futures Rise 0.16% as Traders Await October CPI at 0.3%
3 articles · Updated · CNBC · Nov 9
Summary
S&P 500 futures rose 0.16% early Tuesday, with Dow futures up 197 points and Nasdaq-100 futures little changed ahead of the October consumer inflation report.
Economists polled by Dow Jones expect headline CPI to increase 0.3% and core CPI 0.2% month over month, both slowing from September's 0.6% and 0.3% readings.
Monday's cash-session rally set the backdrop: the Dow jumped 1,104 points, the S&P 500 gained 2.4%, and the Nasdaq added 2.7% as oil prices fell sharply.
WTI crude dropped more than 4% and Brent more than 5%, easing inflation worries, while Natixis said softer shelter and diesel costs should help cool core price pressures.
Annual CPI figures will not be published because the 2025 government shutdown disrupted BLS data collection, leaving markets to focus on the monthly inflation trend.