Business & Investment

Dow futures rise nearly 200 points as yields fall following major inflation reports

US equity futures pointed to increased profits as traders seized the benign elements of key inflation reports.

what’s happening
  • Dow Jones Industrial Average 30 Futures
    YM00,
    + 0.70%

    Increased by 190 points (0.6%) to 34447

  • S & P 500 Futures
    ES00,
    + 0.76%

    Increased by 29 points (0.7%) to 4384

  • Nasdaq 100 Futures
    NQ00,
    + 0.85%

    Scored 124 points, or 0.8%, on 14888

Wednesday, Dow Jones Industrial Average
DJIA,
-0.00%

The S & P 500 fell 1 point to 34378.
SPX,
+ 0.30%

Increased by 13 points (0.3%) to 4364, Nasdaq Composite Index
COMP,
+ 0.73%

I got 106 points or 0.73% in 14572.

What is driving the market

Investors Wednesday Consumer Price Index ReportShowed core indicators except that food and energy prices rose 0.2% in September, maintaining year-over-year growth at 4%.

Airfares, hotels and used car prices were among the falling costs. “The result is a 10-year US Treasury yield, due to weak virus-sensitive prices such as airfares, hotel rates, car rental rates, and apparel.
TMUBMUSD10Y,
1.529%

It continued to fall from last week’s highs, “said Emily Nicole, economist at Daiwa Capital Markets Europe.

More inflation data will be released on Thursday. Producer price reports can be combined with CPI data to show how much price increases had to be absorbed rather than passed on to customers.

In China September producer prices soar 11% year-on-year, The fastest rise in over 20 years.

The earnings season continues with results from bank slate — Bank of America
BAC,
-0.92%
,
Citigroup
NS,
-0.54%
,
Morgan Stanley
MS,
+ 0.81%

And Wells Fargo
WFC,
-1.29%
..
Health insurance company United Health
UNH,
+ 0.08%

And the Walgreens Boots Alliance of Pharmacy Chains
WBA,
-0.34%

We will also report the results.

Dow futures rise nearly 200 points as yields fall following major inflation reports

http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-76C6-DE9C36E5A534%7D&siteid=rss&rss=1 Dow futures rise nearly 200 points as yields fall following major inflation reports

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