Cheryl Casone reports on pre-market stock futures rising following a cooler-than-expected Producer Price Index inflation report. Treasury yields decline and oil prices face selling pressure as investors react to the economic data.
Producer Price Index inflation data comes in cooler than expected on prompting stock futures to rise ahead of the opening bell. Cheryl Casone breaks down the market reaction, noting that the Dow Jones Industrial Average rose by 182 points while U.S. 10-year Treasury yields dropped 3.6 basis points. Oil prices also face selling pressure following the pre-market economic report.
Read the full article here
