Stock futures inch higher as traders brace for wholesale inflation report: Live updates
US stock futures are trending lower as investors react to a core Consumer Price Index report that exceeded forecasts. Core inflation increased 0.3% month on month, surpassing the 0.2% expectation, which brought the annual core CPI to 2.6%. Market sentiment has shifted to risk off as traders anticipate interest rates will remain restrictive for a longer period. This cautious mood follows a 5.2% monthly increase in energy prices and rising gasoline costs.
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- ✓ Annual core CPI stands at 2.6%.
- ✓ Core inflation rose 0.3% month on month against an expected 0.2%.
- ✓ Energy prices jumped 5.2% monthly.
What changed
Core CPI rose 0.3% month on month, exceeding the 0.2% forecast.
Live updates
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S&P 500 futures soften following higher than expected core CPI
US stock futures are trending lower as investors react to a core Consumer Price Index report that exceeded forecasts. Core inflation increased 0.3% month on month, surpassing the 0.2% expectation, which brought the annual core CPI to 2.6%. Market sentiment has shifted to risk off as traders anticipate interest rates will remain restrictive for a longer period. This cautious mood follows a 5.2% monthly increase in energy prices and rising gasoline costs.
Why it matters
Persistent inflation pressures influence Federal Reserve decisions on interest rates. Higher core CPI readings suggest that price growth remains sticky despite previous monetary tightening.
What is confirmed
- Annual core CPI stands at 2.6%.
- Core inflation rose 0.3% month on month against an expected 0.2%.
- Energy prices jumped 5.2% monthly.
What to watch next
- Federal Reserve interest rate announcements
- Future Consumer Price Index releases
confidence 90%Sources used for this update (2)
- www.wellsfargoadvisors.com — Stock Market News | Wells Fargo Investment Institute
- finance.yahoo.com — US Stock Market Today: S&P 500 Futures Ease As Hot Core CPI ...
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US Stock Futures Edge Higher Ahead of CPI Data
US stock futures are slightly positive as investors prepare for the Consumer Price Index release. Markets remain cautious after a University of Michigan survey showed one-year inflation expectations hit 4.7% for October, a five-month high. This sentiment shift coincides with a drop in overall consumer sentiment to its lowest level in five months. Traders are balancing these rising price expectations against previous wholesale inflation data that exceeded forecasts due to fuel costs.
Why it matters
Persistent inflation concerns are pressuring Wall Street, recently pushing the market toward its worst single day since July. High inflation expectations typically lead to fears of tighter monetary policy.
What is confirmed
- The University of Michigan survey reported one-year inflation expectations at 4.7% for October.
- US stock futures are trending slightly higher.
Still unconfirmed
- The US stock market is heading toward its worst day since July.
What to watch next
- The release of the US Consumer Price Index report today
confidence 90%Sources used for this update (3)
- www.cnbc.com — Stock market today: Live updates - CNBC
- www.dailynews.com — US stocks slip as inflation gets worse - Los Angeles Daily News
- finance.yahoo.com — US Stock Market Today: S&P 500 Futures Edge Higher As Traders ...
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Stock futures inch higher as traders brace for wholesale inflation report
US stock futures are slightly higher as investors await the wholesale inflation report. The market is cautious due to rising inflation expectations, with the University of Michigan survey reporting a 4.7% year-ahead inflation expectation in October, a five-month high. Wholesale inflation rose more than expected last month, driven by a jump in fuel costs.
Why it matters
The upcoming wholesale inflation report is crucial as it may influence the Federal Reserve's rate decisions. Rising inflation is a challenge for the economy and a political issue for Republicans ahead of the midterm elections. The market is also monitoring major financial reports from large banks.
What is confirmed
- US stock futures are slightly higher as investors await the wholesale inflation report.
- The University of Michigan survey puts year-ahead inflation expectations at 4.7% in October, a five-month high.
- Wholesale inflation rose more than expected last month on a big jump in fuel costs.
What to watch next
- The release of the wholesale inflation report
- Major financial reports from large banks including JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo
- Federal Reserve rate decisions
confidence 85%Sources used for this update (5)
- finance.yahoo.com — US Stock Market Today: S&P 500 Futures Edge Higher On Hot ...
- finance.yahoo.com — Wholesale inflation reaches levels last seen in 2022
- www.2news.com — US futures mostly higher as Wall Street braces for latest ...
- finance.biggo.com — Wall Street Futures Edge Higher as Traders Brace for Bank ...
- www.newsbreak.com — Stock futures are mixed as traders await consumer inflation ...
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US Futures Inch Higher as Markets Watch Inflation and Earnings
United States stock futures drifted higher on Tuesday, pushing the benchmark S&P 500 toward an intraday all-time high for the first time since mid-August. Investors weighed enthusiasm for artificial intelligence and an extended market rally against lingering cost pressures. Market participants are monitoring major financial reports from large banks including JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo ahead of the opening bell. Meanwhile, economic data shows consumer sentiment dropping and inflation expectations climbing, keeping concerns alive regarding potential Federal Reserve rate decisions.
Why it matters
Markets are attempting to shake off a previous Treasury bond rout as traders balance strong service sector activity against persistent cost pressures. Recent surveys show median inflation expectations for the year ahead rising significantly, complicating the central bank's rate trajectory. Major financial institutions reporting earnings this morning will provide further insight into the broader health of the economy.
What is confirmed
- U.S. stocks were higher on Tuesday, with the benchmark S&P 500 scaling an intraday all-time high for the first time since mid-August.
- Big banks JPMorgan, Goldman Sachs, Citigroup and Wells Fargo are slated to release their results before the open on Tuesday.
Still unconfirmed
- Enthusiasm around artificial intelligence helped markets shake off a U.S. Treasury bond rout in the previous session.
What to watch next
- Release of upcoming FOMC minutes
- Performance of major bank earnings reports from JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo
confidence 90%Sources used for this update (8)
- www.schaeffersresearch.com — Live Market Updates from Schaeffer's Investment Research
- finance.yahoo.com — U.S. stock futures rise, hinting at a record high open for ...
- www.schaeffersresearch.com — Dow Futures Inch Higher as Investors Monitor Yields
- liveworldmarket.com — US Stock Market Dashboard — Live S&P 500, Nasdaq, Dow, VIX ...
- finance.yahoo.com — US Stock Market Today: S&P 500 Futures Edge Higher On Firm ...
- finance.yahoo.com — US Stock Market Today: S&P 500 Futures Dip As Higher ...
- finance.yahoo.com — US Stock Market Today: S&P 500 Futures Edge Higher As ...
- www.cnbc.com — Stock market today: Live updates - CNBC
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US Stock Futures Edge Higher Ahead of Inflation Data
US stock futures are trending slightly higher as investors await a key inflation report to gauge potential Federal Reserve rate hikes. S&P 500 mini contracts rose about 0.2% and Nasdaq-100 futures moved into positive territory. Traders are specifically monitoring the Personal Consumption Expenditures (PCE) index, which serves as the Federal Reserve's preferred cost of living measure. Projections suggest headline prices may be up 3.7% over the past year, with core prices at 3.3%, indicating that living expenses are still climbing faster than the central bank prefers.
Why it matters
The Federal Reserve uses PCE data to determine if current interest rate levels are sufficient to curb inflation. Higher than expected readings often lead to rate increases to cool the economy. Market volatility remains tied to these signals on inflation and global growth.
What is confirmed
- US stock futures are pointing higher.
- S&P 500 mini contracts are up about 0.2%.
- Nasdaq-100 futures are edging higher.
Still unconfirmed
- PCE headline prices are expected to be up 3.7% over the past year with core prices at 3.3%.
- Traders are awaiting the report for information on a potential new rate increase from the Federal Reserve.
What to watch next
- Official release of the PCE inflation report
- Federal Reserve commentary on interest rate policy
confidence 85%Sources used for this update (5)
- finance.yahoo.com — US Stock Market Today: S&P 500 Futures Edge Higher On Sticky ...
- www.marketscreener.com — US Equity Futures Higher Pre-Bell as Traders Await Key ...
- finance.yahoo.com — Update: US Equity Futures Higher Pre-Bell as Traders Await ...
- www.marketscreener.com — Stocks Mostly Up Pre-Bell as Traders Await Key Inflation ...
- simplywall.st — US Stock Market Today: S&P 500 Futures Edge Higher As Traders ...
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Stock futures inch higher as traders brace for wholesale inflation report
US stock futures are slightly higher as traders await the Producer Price Index report. The report comes after August wholesale inflation advanced largely in line with expectations. Rising Treasury yields and oil prices have been fueling inflation fears, which are expected to impact Asian stocks.
Why it matters
The Producer Price Index report is a key indicator of inflation and will influence the Federal Reserve's monetary policy decisions. High inflation and rising Treasury yields have been weighing on stock markets. The Fed's preferred inflation gauge showed core inflation at 3.0% in August, much lighter than expected.
What is confirmed
- US stock futures are slightly higher
- August wholesale inflation advanced largely in line with expectations
- Rising Treasury yields and oil prices have been fueling inflation fears
- The Fed's preferred inflation gauge showed core inflation at 3.0% in August
Still unconfirmed
- Inflation fears are expected to drag down Asian stocks
What to watch next
- The Producer Price Index report
- Federal Reserve's monetary policy decisions
- Impact on Asian stocks
confidence 85%Sources used for this update (11)
- www.investors.com — Stock Market Today: Stock Market News And Analysis
- www.cnn.com — Pre-market Stock Trading | CNN
- www.investors.com — Stock Futures: Check Premarket Prices For Dow Futures, S&P 500 Futures ...
- markets.businessinsider.com — Premarket | Futures | Pre-market Trading | Markets Insider
- www.cnbc.com — Stock market today: Live updates - CNBC
- insider-week.com — COT data, COT report & COT index up to date - InsiderWeek
- markets.businessinsider.com — S&P 500 INDEX TODAY | INX LIVE TICKER | S&P 500 QUOTE & CHART ...
- www.marketscreener.com — Stock Futures Rise After Inflation Data Eases Rate-Hike Fears ...
- ground.news — US Stocks: US Market Opens Higher as Soft Inflation Data ...
- finance.yahoo.com — Stock Market Today: Futures Mixed Ahead of New Month, Quarter ...
- squawknews.com — US stock futures inch up as yields ease, inflation report looms
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Wholesale inflation meets expectations as oil prices top $100
August wholesale inflation advanced largely in line with expectations according to Bureau of Labor Statistics data. Stock futures showed mixed to slightly positive movement as traders awaited the Producer Price Index report. Meanwhile, Brent crude oil prices climbed above $100 a barrel, reaching over $101. Treasury yields also rose and remained near high levels. These energy costs are fueling inflation fears, which Bloomberg reports are expected to drag down Asian stocks.
Why it matters
Wholesale price data serves as a leading indicator for consumer inflation. Rising energy costs often put upward pressure on these figures. High Treasury yields typically signal market expectations for higher interest rates to combat inflation.
What is confirmed
- Brent crude oil prices rose above $100 a barrel.
- Treasury yields increased.
- August wholesale inflation advanced largely in line with expectations per BLS data.
Still unconfirmed
- Oil-driven inflation fears will cause Asian stocks to fall.
What to watch next
- Consumer price index reports
- Federal Reserve interest rate decisions
confidence 95%Sources used for this update (6)
- The Economist — World in Brief: Treasury yields jump; Brent crude tops $100 a barrel
- Bloomberg.com — Asian Stocks to Fall as Oil Stokes Inflation Fears: Markets Wrap
- CNBC — Stock futures inch higher as traders brace for wholesale inflation report: Live updates
- wsj.com — Stock Futures Rise, Treasury Yields Hold Near Highs as Oil Tops $101
- Investopedia — Stock Market Today: Futures Mixed, Little Changed Ahead of PPI Inflation Reading; Oil, Treasury Yields Continue to Climb
- finance.yahoo.com — PPI data shows wholesale prices advancing in line with expectations
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