U.S. Stock Futures Are Higher As Markets Look to Extend Yesterday's Rally
U.S. stock futures are higher. US Markets look to extend yesterday’s rally after the July Consumer Price Index came in softer than expected. Weekly Jobless Claims came in slightly higher than expectations and last week’s data at 262k (vs. expectation 260k and last month 260k). The Producer Price Index showed wholesale price inflation in July was cooler than expected as prices declined 0.5% month-over-month (vs. expectations of a 0.2% increase). Treasury yields continue to drop lower, continuing yesterday’s rally.