Tuesday, May 21, 2024
HomeTrading RoomFutures For The S&P 500 Barely Changed

Futures For The S&P 500 Barely Changed

As traders digested an August core inflation reading that was stronger than anticipated, U.S. S&P 500 futures were barely moved on Wednesday morning.

The value of the Dow Jones Industrial Average futures was unchanged. S&P 500 futures increased by 0.04% while Nasdaq 100 futures decreased by 0.02%.

In August, the consumer price index increased 0.6% month over month and increased 3.7% year over year. According to economists surveyed by Dow Jones, 0.6% and 3.6% growth were anticipated.

Contrary to expectations, the core CPI, which excludes volatile food and energy, climbed by 0.3% and 4.3%, respectively, as opposed to the expected increases of 0.2% and 4.3%. The core figure is the statistic that Federal Reserve policymakers pay greater attention to because it gives a more accurate picture of long-term inflation trends.

Source (CNBC)

- Advertisment -

Most Popular

Recent Comments