S&P 500 seen in the green after CPI data

Markets 10/11/2018, 2:42 PM
S&P 500 seen in the green after CPI data

S&P 500 futures turned positive on Thursday after the release of weaker-than-expected inflation data from the United States Department of Labor. The seasonally adjusted reading of the consumer price index showed an increase of just 0.1% for September, compared to 0.2% in the previous month.

Wednesday's session saw all main indices close with sharp losses. The Dow Jones dropped over 800 points, while the tech sector experienced its worst day in seven years.

The S&P 500 was seen gaining 0.10% at the open of markets, while the Dow Jones Industrial Average was expected to lose 0.50% or just over 120 points. Meanwhile, the Nasdaq 100 was seen declining 0.39%.

Breaking the News / JC

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US SPX 500 In...-0.33%

2,632.08
Chart for: US SPX 500 Index

US Wall Stree...-0.31%

24,379.20
Chart for: US Wall Street 30 index

US Tech 100 I...-0.39%

6,665.12
Chart for: US Tech 100 Index