I=7
- Producer price Index (PPI) rose 0.6% in February, exceeding expectations for a 0.3% increase.
- On a yearly basis, PPI rose 1.6%, above 1.2% estimate.
- Core PPI grew 0.3%, above 0.2% estimate.
- On a yearly basis, core PPI was up 2% higher than 1.9% estimate.
- Services index rose 0.3% versus 0.5% increase in January.
- Energy prices rose 4.4% after a decline of 1.1% in January.
- S&P 500 futures rose despite the inflation coming above estimates- S&P 500 and Nasdaq 100 futures gained 0.2% while Dow Jones futures were up 0.3%.