Thursday’s modest increase in U.S. stock futures came after a tumultuous trading session as investors processed new inflation data.
Futures for the Dow Jones Industrial Average increased 53 points, or 0.1%. While Nasdaq 100 futures remained above flat, S&P 500 futures saw a 0.1% increase.
The most recent producer price index, which tracks changes in average prices that companies get for their goods and services, showed that wholesale prices increased by 0.2% in August.
This is consistent with forecasts, as experts surveyed by Dow Jones had predicted that the headline and core readings would increase by 0.2% last month, as opposed to the previous 0.1% and 0.0%.
Investors are exiting a tumultuous trading session in which the major indexes recovered from their lows thanks to a late-day surge in tech equities.
Source (CNBC)
