US equity futures pointed to increased profits as traders seized the benign elements of key inflation reports.
Dow Jones Industrial Average 30 Futures
Increased by 190 points (0.6%) to 34447
S & P 500 Futures
Increased by 29 points (0.7%) to 4384
Nasdaq 100 Futures
Scored 124 points, or 0.8%, on 14888
Wednesday, Dow Jones Industrial Average
The S & P 500 fell 1 point to 34378.
Increased by 13 points (0.3%) to 4364, Nasdaq Composite Index
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.
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.
And the Walgreens Boots Alliance of Pharmacy Chains
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