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HomeTrading RoomWhen April's CPI is Lower Than Anticipated, Dow Futures Rise 150 Points

When April’s CPI is Lower Than Anticipated, Dow Futures Rise 150 Points

Wednesday’s increase in stock futures followed a less than anticipated reading of the most recent consumer price index. The Dow Jones Industrial Average futures saw an increase of 164 points, or 0.4%, while the S&P 500 and Nasdaq-100 futures saw increases of 0.6% and 0.5%, respectively.

The CPI, which is the favoured inflation measure of the Federal Reserve, increased by 0.3% in April, less than the 0.4% monthly increase predicted by economists surveyed by Dow Jones.

As anticipated, the measure increased 3.4% from the previous year. The core CPI, which does not include energy and food costs that are erratic, showed consistent monthly and annual figures.

Source (CNBC)

SourceCNBC
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