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Stock futures move higher after CPI data in-line with expectations
Monthly data for the consumer price index showed that prices rose 0.2% in April, which is what analysts on Wall Street had forecasted. That puts CPI at 2.3% year-over-year and core CPI at 2.8%. Bullish stock-index futures traders appeared pleased with the data.
The move in futures comes after a broadly positive day on Wall Street. The S&P 500 rose 0.72%, while the Nasdaq Composite ...
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Stock futures were little changed in overnight trading following a big rally, as investors look ahead to a key inflation ...
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