Pre-Market Buzz
The news of the morning was the release of the Producer Price Index (PPI), which details pricing at the wholesale level. The PPI showed an increase of .3%, which was less than the .5% expected, following a decrease in the PPI last month. On the surface, it would appear that inflation is still not a worry, however if you look deeper in the number there are signs of inflation building in the pipeline. It certainly warrants watching over the nexg couple of months.
Home Depot and Target both beat expections on the earnings front, although the earnings were a decline quarter over quarter.
As expected, the futures are slightly lower heading into the open and the question again will be whether the S&P can hold that 1100 level.
- Rob Roy's blog
- Login or register to post comments
