US EditionS&P 500, Nasdaq futures extend gains after August PPI data
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7 Articles
Colorado Springs Gazette
New Hampshire Union LeaderS&P 500, Nasdaq futures extend gains after August PPI data
(Reuters) - S&P 500 and Nasdaq futures extended gains on Wednesday, after cooler-than-expected producer prices data for August boosted expectations for a September interest-rate cut from the Federal Reserve.
Stock Futures Pop After Weaker-Than-Expected PPI Inflation Data
Stocks are readying to open higher after this morning's inflation report confirmed that price growth remains contained, giving the Federal Reserve more room to cut interest rates. Futures tracking the S&P 500 futures climbed 0.5% as did contracts tied to the tech-heavy Nasdaq 100, thanks in part to
Markets were eagerly awaiting the US Producer Price Index (PPI) data, which showed a surprise decline in August, signaling easing inflation pressures. The lower-than-expected data supported expectations for a Fed rate cut and had a positive impact on global markets. Here are the details...
Traders Respond to Earnings and Inflation Numbers
US index futures are mixed this morning but have picked up in the last few minutes. NASDAQ futures are up 0.4% while Dow futures are down 0.1%. Over in Europe, the DAX is flat, and the FTSE is up 0.2%. Asia Pacific trading saw the Hang Seng gain 1.0% and the Nikkei rise 0.9%. In metals action Platinum is rallying with a 2.4% gain so far today, while Silver is up 0.8%. Copper and Gold are both up 0.2%. Energy trading is mixed with Crude Oil up 1.…
The S&P 500 and the Nasdaq played historic peaks intraday this Wednesday's opening after colder than expected inflation data in the United States kept the Federal Reserve on the path of cutbacks in the cost of credit this year, while Oracle's rise contributed to profits.Producer prices in the United States dropped unexpectedly in August, dragged by a drop in the cost of services, so operators reinforced their bets on interest rates reductions th…
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