Stock Futures Dip, But Major Indexes on Track for Weekly Gains

U.S. stock futures dipped on Thursday night, though traders remained hopeful for a strong finish to the week. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 1.18%, 0.74%, and 0.86%, respectively, at 8:35 p.m. EST, June 12.

During Thursday’s regular trading session, all major indexes closed higher. The S&P 500 rose 0.38%, while the Nasdaq Composite and the Dow Jones each gained 0.2%.

Those moves came after the May producer price index (PPI), an inflation gauge for sellers, rose by 0.1% month-over-month (MoM) and 2.6% year-over-year (YoY). Economists were expecting 0.2% and 2.6%, respectively. Bond yields also edged lower, boosting investor confidence. Earlier in the week, May’s consumer inflation data also came in cooler than expected.