Wednesday’s gains in stock futures were prompted by the lower-than-expected consumer inflation figures for May.
235 points, or 0.6%, were added to futures linked to the Dow Jones Industrial Average. Futures for the Nasdaq 100 and S&P 500 increased by 0.9% and 0.7%, respectively.
Despite a 0.1% monthly gain predicted by the Dow Jones, the consumer price index increased by zero during the month of May.
Inflation was 3.3% higher year over year, which was also less than anticipated.
Below expectations were both the monthly and annual figures for the core CPI, which takes out the volatile energy and food costs.
Source (CNBC)
