Nasdaq 100 futures fall 1.1% after August producer prices top estimates

  • U.S. equity futures extended losses after August producer prices exceeded annual estimates.
  • August PPI rose 5.4% annually and 0.4% monthly, according to Labor Department data.
  • Friday’s consumer-price report and Oracle’s results remained key upcoming market events.

U.S. equity futures extended losses Thursday after August producer-price data showed wholesale inflation rising more than expected annually. The Producer Price Index increased 5.4% from a year earlier, above the 5.3% estimate, while monthly prices rose 0.4%, matching forecasts. At 8:34 a.m. ET, Dow E-minis were down 0.29%, S&P 500 E-minis were down 0.47% and Nasdaq 100 E-minis were down 1.1%. The market was also contending with Brent crude above $105 a barrel, WTI near $100 and 10-year Treasury yields approaching 4.9%. Investors were awaiting Friday’s consumer-price report and Oracle’s quarterly results for further direction.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.