U.S. Stock Futures Are Higher As Markets Look To Recover From Yesterday's Sharp Losses
U.S. stock futures are higher. Markets are looking to recover from yesterday’s sharp losses after the August CPI report came in hotter-than-expected. Treasury Yields are mostly higher and the Dollar is lower after yesterday’s surge
The August PPI showed that wholesale price pressures eased overall declining 0.1% month over month which was in line with estimates. While the core rate increased 0.4% month over month which was slightly higher than expectations of a 0.3% increase. The MBA Mortgage Application index showed a decline for the fifth-straight week. Retail sales and weekly jobless claims will be released tomorrow before the bell.