Economy

Futures jump after tame CPI data

Economy5 minutes ago (Mar 10, 2021 08:45AM ET) Futures jump after tame CPI data

© Reuters. FILE PHOTO: Dividers are seen inside a trading post on the trading floor as preparations are made for the return to trading at the NYSE in New York

(Reuters) – Futures tracking the S&P 500 and the Nasdaq 100 indexes jumped on Wednesday after data showed underlying inflation remained tepid, easing concerns over a rise in borrowing costs in the near term.

At 08:31 a.m. ET, Dow E-minis were up 167 points, or 0.52%, S&P 500 E-minis were up 12.5 points, or 0.32% and Nasdaq 100 E-minis were up 57 points, or 0.45%.

Moments before the data, Dow E-minis were up 109 points, or 0.34%, S&P 500 E-minis were down 0.75 points, or 0.02% and Nasdaq 100 E-minis were down 41 points, or 0.32%.Futures jump after tame CPI data Add a Comment

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