PPI Inflation Shock Equities
Hotter-than-expected wholesale inflation data is causing S&P futures to turn lower.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"U.S. stock index futures took a downward turn on Tuesday, with investors closely analyzing the latest April inflation data and its implications for the Federal Reserve's upcoming policy decisions."
"The S&P 500 and the Nasdaq closed lower on May 12, easing from record highs as hotter-than-expected inflation data and an increasingly tenuous US-Iran ceasefire prompted investors to take money off the table."
"S & P futures turned lower after hotter-than-expected wholesale inflation data. The producer price index increased 0.7% last month, much higher than estimates."