June S&P 500 futures are down over 30 points below 6,740 after February PPI data came in hotter than expected. PPI sequential increase of 0.7% was also a seven-month high. Nasdaq 100 futures are also down about 100 points below 24,900 after the release.
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Read More on SPY:
- February producer price index final demand up 3.4% vs. last year, consensus 3.0%
- February PPI final demand up 0.7% vs. last month, consensus 0.3%
- U.S. producer prices rise more than expected in February
- Stock Futures Fall as Wholesale Prices Rise Higher-Than-Expected
- Oil rebounds following reports of attack on Iran’s South Pars gas field