SNAPSHOT US stock index futures fall after hotter-than-expected PPI data
Data from the Labor Department showed the Producer Price Index rose 3.3% on an annual basis in July, compared with a 2.5% gain expected by economists polled by Reuters. On a monthly basis, it was 0.9%, compared with an estimated 0.2% rise.
Excluding volatile food and energy components, core PPI increased 3.7% on an annual basis, compared with an expected 2.9% rise.
A separate report showed the number of Americans filing new applications for unemployment benefits came in at 224,000 for the week ended August 9, compared with estimates of 228,000.
At 08:34 a.m. ET, Dow E-minis were down 171 points, or 0.38%, S&P 500 E-minis were down 27.5 points, or 0.42%, and Nasdaq 100 E-minis were down 113 points, or 0.47%.
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