US pre-open: Stocks mixed ahead of PPI reading
By Iain Gilbert
Date: Tuesday 09 Nov 2021
(Sharecast News) - Wall Street futures were mixed ahead of the bell on Tuesday as market participants awaited some key inflation data.
As of 1200 GMT, Dow Jones futures were down 0.06%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.04% and 0.22% higher, respectively.
The Dow closed 104.27 points higher on Monday, another fresh record close for the blue-chip index.
Tuesday's primary focus will be the monthly producer price index reading, with economists expecting producer prices to have increased 0.6% month-on-month in October. It will be followed by the consumer price index on Wednesday.
Also in focus, GE shares were in the green on reports that the multinational will split into three companies focusing on aviation, healthcare and energy.
DR Horton, Wynn Resorts and Coinbase will all report earnings on Tuesday.
On the macro front, US small business sentiment declined in October as business owners' feelings on future economic conditions slumped due to ongoing supply-chain and hiring woes.
According to the National Federation of Independent Business, its optimism index slipped to 98.2 last month from 99.1 in September, the lowest print seen since March. Median estimates called for an increase to 99.5.
Still to come, October's producer price index will be published at 1330 GMT, while Federal Reserve chairman Jerome Powell will deliver a speech at 1400 GMT.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN