U.S. Stock Futures Rise After 0.3% October PPI, as Dow Futures Gain 200 Points
Updated
Updated · CNBC · Nov 13
U.S. Stock Futures Rise After 0.3% October PPI, as Dow Futures Gain 200 Points
3 articles · Updated · CNBC · Nov 13
Summary
Dow futures rose about 200 points, with S&P 500 and Nasdaq futures also higher after October producer prices increased 0.3% from September, below the 0.4% consensus.
That softer monthly reading eased some inflation pressure for equities, even though the annual PPI rate remained the hottest in nearly four years.
Bond yields still moved higher, underscoring that markets are balancing the cooler-than-expected monthly data against stubborn underlying price pressures.