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January Wholesale Inflation Exceeds Forecast as US Equity Futures Post Narrow Gains Pre-Bell
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January Wholesale Inflation Exceeds Forecast as US Equity Futures Post Narrow Gains Pre-Bell
Feb 13, 2025 6:24 AM

09:02 AM EST, 02/13/2025 (MT Newswires) -- US equity futures were cautiously higher ahead of Thursday's opening bell as traders digested the producer inflation report.

The Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures declined 0.1%, and Nasdaq futures increased 0.3%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.2% at $74.25 per barrel and US West Texas Intermediate crude 1.2% lower at $70.50 per barrel.

New unemployment claims, released at 8:30 am ET, fell to 213,000 in the week ended Feb. 8 from 220,000 in the preceding week, compared with estimates compiled by Bloomberg for 216,000 claims. Producer prices rose 0.4% in the final demand for January following a 0.5% gain in December, compared with estimates for a smaller 0.3% increase.

In other world markets, Japan's Nikkei closed 1.3% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, UK's FTSE 100 fell 0.5%, and Germany's DAX index fell 1.7% in Europe's early afternoon session.

In equities, Applovin ( APP ) shares rose 30% pre-bell after the company reported late Wednesday higher Q4 profit and revenue and issued Q1 revenue guidance that topped analysts' estimates.

On the losing side, The Trade Desk ( TTD ) shares were down 29%, a day after the company posted Q4 revenue that trailed analysts' estimates. Fastly (FSLY) stock was 24% lower after the company reported late Wednesday it swung to a Q4 loss.

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