Wednesday’s increase in stock futures followed a less than anticipated reading of the most recent consumer price index. The Dow Jones Industrial Average futures saw an increase of 164 points, or 0.4%, while the S&P 500 and Nasdaq-100 futures saw increases of 0.6% and 0.5%, respectively.
The CPI, which is the favoured inflation measure of the Federal Reserve, increased by 0.3% in April, less than the 0.4% monthly increase predicted by economists surveyed by Dow Jones.
As anticipated, the measure increased 3.4% from the previous year. The core CPI, which does not include energy and food costs that are erratic, showed consistent monthly and annual figures.
Source (CNBC)
