financetom
World
financetom
/
World
/
January Wholesale Inflation Exceeds Forecast as US Equity Futures Post Narrow Gains Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
S&P 500, Nasdaq Touch Record Highs Following Drop in Producer Price Inflation
S&P 500, Nasdaq Touch Record Highs Following Drop in Producer Price Inflation
Sep 10, 2025
01:13 PM EDT, 09/10/2025 (MT Newswires) -- US equity indexes were mixed in midday trading on Wednesday as the Dow Jones Industrial Average lagged its peers after a surprise drop in the wholesale price inflation rate helped send technology shares sharply higher. The Nasdaq Composite was up 0.2% to 21,930.4, after scaling a new peak of 22,000.97. The S&P 500...
European Equities Close Mostly Lower in Wednesday Trading; EC Mulls Social Media Restrictions
European Equities Close Mostly Lower in Wednesday Trading; EC Mulls Social Media Restrictions
Sep 10, 2025
12:00 PM EDT, 09/10/2025 (MT Newswires) -- European stock markets closed mostly lower in Wednesday trading as the Stoxx Europe 600 was off 0.02%, Germany's DAX was down 0.36%, the FTSE 100 fell 0.19%, the Swiss Market Index declined 0.52%, while France's CAC gained 0.15% The European Commission will consider possible restrictions on social media for children under 16 years...
Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
Sep 10, 2025
10:37 AM EDT, 09/10/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.9% to 2,611.4 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by automotive marketplace Token Cat ( TC ) and brand platform 36Kr (KRKR), which rose 12% and 8.5%, respectively. They...
European Equities Traded in the US as American Depositary Receipts Little Changed in Wednesday Trading
European Equities Traded in the US as American Depositary Receipts Little Changed in Wednesday Trading
Sep 10, 2025
11:07 AM EDT, 09/10/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts edged lower late Wednesday morning, declining 0.1% to 1,530.89 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical company Cellectis ( CLLS ) and semiconductor company Sequans Communications ( SQNS ) , which rose 6.1% and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved