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.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。