Stock Market Update

The S&P 500 futures are down two points and are trading 0.1% below fair value, the Nasdaq 100 futures are down 23 points and are trading 0.1% below fair value, and the Dow Jones Industrial Average futures are up five points and are trading fractionally above fair value.

Total PPI increased 0.2% in June (Briefing.com consensus 0.1%) following a 0.2% decrease in May. Core-PPI, which excludes food and energy, increased 0.4% in June (Briefing.com consensus 0.1%) following a revised 0.3% increase in May (from 0.0%).