Tuesday, as traders combed through the most recent U.S. inflation statistics, S&P 500 futures were higher due to increases in Nvidia.
S&P 500-related futures increased by 0.3%, while Nasdaq 100-related futures increased by 0.6%. The Dow Jones Industrial Average futures fell 0.2%, or 83 points.
June’s consumer price index rose by 0.3% for the month, meeting a Dow Jones consensus estimate of 2.7% annual inflation.
Excluding food and energy prices, the so-called core CPI increased by 0.2% month over month, which was little less than anticipated. It increased by 2.9% annually, which was in line with projections.
Source (CNBC)
