Stock index futures mixed ahead of wholesale inflation report

U.S. stock index futures swung sharply after a hotter-than-expected wholesale inflation report, with S&P 500 futures flat, Nasdaq 100 futures up 0.2%, and Dow futures down 0.5%. Treasury yields were little changed, suggesting the inflation surprise is driving volatility more than an immediate rates shock. The data is modestly negative for risk assets and likely to keep traders focused on inflation sensitivity and Fed timing.

Analysis

U.S. stock index futures swung sharply after a hotter-than-expected wholesale inflation report, with S&P 500 futures flat, Nasdaq 100 futures up 0.2%, and Dow futures down 0.5%. Treasury yields were little changed, suggesting the inflation surprise is driving volatility more than an immediate rates shock. The data is modestly negative for risk assets and likely to keep traders focused on inflation sensitivity and Fed timing.