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Stock market today: S&P 500, Nasdaq futures jump as key inflation data comes in cool

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US Stock Futures ニュース

Nasdaq,Producer Price Index,Consumer Prices

Investors are anxious for several economic datapoints this week, starting with inflation.

US stock futures mostly pointed higher Tuesday as Wall Street digested cooler-than-expected inflation data and awaited an update on consumer prices. Futures tied to the S&P 500 were up 0.6%, while those on the tech-heavy Nasdaq rose 0.9%. Dow Jones Industrial Average futures were up 0.3%. US producer prices, often a signal for where consumer prices are heading, rose just 0.1% month-over-month in July, lower than economist forecasts. Year-over-year, the Producer Price Index rose 2.

Wall Street is coming off an unusually boring day after more than a week of volatility. The S&P 500 and Nasdaq on Monday continued slowly building back toward the highs the indexes saw before a three-day sell-off wiped out a decent chunk of those year-to-date gains. Home Depot was the most significant name on the earnings docket Tuesday. The home-improvement retailer's shares fell after it cut its outlook on comparable same-store sales for the rest of the year.

 

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