The S&P 500, Dow, and Nasdaq are set to open higher today. This comes after the release of the Producer Price Index (PPI) report for December. The report showed that the producer price index rose 0.2% last month.
This was slightly below economists’ predictions. In November, the PPI rose by 0.4%. The core PPI, which does not include food and energy prices, stayed the same.
Economists expected it to increase by 0.2%. After the report, Dow futures rose by 0.5%, and S&P 500 futures rose by 0.7%.
Nasdaq 100 futures jumped by 0.8%. Bond yields also went down. The yield on the 10-year Treasury fell to 4.77%.
Nasdaq futures jump on easing inflation
The 2-year yield dropped to 4.37%. Some stocks are expected to see significant changes today.
Nvidia and Tesla are leading a group of high-performing tech stocks called the “Magnificent Seven.” Reports suggest that producer inflation is cooling off. This could mean less pressure on the Federal Reserve. However, the market is still affected by things like tariffs from when Trump was president.
These tariffs are still playing a big role in how the market moves. So are U.S. sanctions on Russia. Oil prices have decreased slightly as the market reacts to these U.S. sanctions.
Stocks in Europe have increased as people talk about how Trump’s tariffs affect things. U.S. tech stocks look like they might recover. This is partly because of lower inflation fears and good market trends.
With stock futures going up and good news about inflation, investors are watching closely. They want to see signs that the economy is stabilizing and growing.
