August 12, 2022

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Stock futures rose ahead of key inflation report

Stock futures rose ahead of key inflation report

US stock futures were trading higher ahead of the highly anticipated report on inflation.

Major futures indices are pointing to a 0.3% gain when trading starts on Wall Street.

Consumer Price Index It is expected to rise 1.1% month over month in June. That’s up from a 1.0% increase in May, but less than a 1.2% rise in March.

On a yearly basis, look for prices to rise 8.8% in June, a new four-decade high and above May’s 8.6% annual gain which was the highest since December 1981. food and volatile energy costs, Core consumer prices are expected to rise 0.6% for the third consecutive month.

A cashier helps a customer at the checkout counter at a Harmons grocery store in Salt Lake City, Utah. (George Fry/Bloomberg/Getty Images)

Fever likely in June as consumer prices rise again

Oil prices rebounded from a drop on Tuesday but remained below $100 a barrel.

US West Texas Intermediate crude was trading at $96 a barrel. Brent crude futures reached $99 a barrel.

Drilling oil wells in Texas

An oil rig drilling a well at sunrise, owned by Parsley Energy Inc. Near Midland, Texas, United States, May 3, 2017. (Reuters/Ernest Scheider/Reuters Photo)

Prices fell more than 7% on Tuesday in choppy trading.

Energy experts warn that the “tight” global oil market is “deteriorating”

Bitcoin traded for less than $20,000.

In Asia, Tokyo’s Nikkei 225 rose 0.5%, Hong Kong’s Hang Seng fell 0.1%, and China’s Shanghai Composite rose 0.1%.

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ribbon protection else they change they change %
Me: DJI Dow Jones averages 30981.33 -192.51 -0.62%
SP500 Standard & Poor’s 500 3818.8 -35.63 -0.92%
I: COMP Nasdaq Composite Index 11264.727938 -107.87 -0.95%

On Tuesday’s session on Wall Street, the S&P 500 lost 0.9% to 3818.80, down for a third day. Technology, healthcare and energy stocks accounted for a large share of the losses.

NYSE trading floor in New York City

Traders work on the floor of the New York Stock Exchange (NYSE) in New York. (Reuters/Brendan McDermid/Reuters Photo)

The Dow Jones Industrial Average fell 0.6% to 30981.33 and the Nasdaq Composite fell 0.9% to 11264.73.

PepsiCo warns of soda, snack prices may go up

Major companies are scheduled to announce second-quarter results in the next few weeks.

return on 10 years treasury, Or the difference between the market price and payment at maturity was fixed at 2.95%.

The Associated Press contributed to this report.