Amidst persistent concerns about global trade, stock futures saw a small increase Thursday as traders processed somewhat more aggressive inflation data.
S&P 500 futures increased by 0.1%, while Nasdaq 100 futures saw a 0.3% gain. The Dow Jones Industrial Average futures saw a 0.2% increase of 82 points.
What producers receive for their goods and services is measured by the January producer price index, which increased by 0.4% in January.
This is greater than the 0.4% consensus projection from the Dow Jones. By excluding food and energy, the core PPI increased by 0.3% for the month and was consistent with the projection, which helped to calm sentiment.
Source (CNBC)
