Outlook 09/12: Stock futures inched higher Thursday as investors digested fresh inflation data following a volatile trading session. The latest producer price index, which measures the average change in prices businesses receive for their goods and services, reflected a 0.2% rise in wholesale prices in August. That’s in line with expectations, as economists anticipated a rise of 0.2% last month in the headline and core readings, up from 0.1% and 0.0% previously. Stocks dropped earlier Wednesday when August’s consumer price index showed an uptick in core inflation, which excludes volatile food and energy prices. The reading spooked investors hoping for a half-percentage point cut from the Federal Reserve at its Sept. 17-18 meeting.
ESU24 (SEP2024): YVAH 5506 YPOC 5490 YVAL 5477 GAP 5557.25
/ES Plan: Yesterday market closed bullish, but overnight, after PPI, looks more balanced, moving above previous value, so these're the opening and initial balance options for today:
