After a crucial inflation reading revealed somewhat less annual inflation growth than anticipated on Thursday, stock futures increased.
136 points, or 0.4%, were added by futures linked to the Dow Jones Industrial Average. Futures for the S&P 500 and the Nasdaq-100 rose by 0.5% and 0.9%, respectively.
The annual increase in consumer prices for July was 3.2%, which was less than the 3.3% average estimate of economists surveyed by Dow Jones. Inflation rose 0.2% from one month to the next, as predicted. The survey also stated that actual average weekly earnings were stable last month, which is another encouraging development.
Source (CNBC)
