October 11, 2024

Stock Futures Tick Higher on PPI Data

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22 min ago

Stock Futures Tick Higher on PPI Data

Connor Smith

Stock futures ticked higher after wholesale price inflation came in below expectations.

Dow futures were up 0.1%. S&P 500 futures were up 0.1%. Nasdaq 100 futures were down 0.1%. Though the market reaction was fairly muted, all three had been trading lower prior to the report.

The producer price index was unchanged on a monthly basis in September, compared to expectations for an increase of 0.1%, according to FactSet. The core PPI, which excludes volatile food and energy prices, rose 0.2%, in line with expectations.

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