[BRIEFING.COM]
S&P futures vs fair value: +13.00. Nasdaq futures vs fair value: -74.00. Equity futures continue to signal a mixed start.
Some weakness in semiconductor and AI-related names remains a limiting factor, while the 10-yr Treasury yield has seen some early volatility, moving between 5.07% and 5.12%. It currently stands at 5.09% after the release of the September Import-Export Price Index, which had its share of not-good inflationary readings.
September industrial production and capacity utilization are due at 9:15 ET, providing the next look at manufacturing activity.
On the U.S. data front:
- September Import Prices 1.1%; prior revised to 0.5% from 0.7%
- September Import Prices ex-oil 0.7%; prior revised to 0.6% from 0.8%
- September Export Prices 2.2%; prior revised to 1.2% from 0.6%
- September Export Prices ex-ag. 2.1%; prior revised to 1.3% from 0.7%
Today's remaining economic calendar:
- 9:15 AM ET: September Industrial Production; Briefing.com consensus 0.4%; prior 0.0%
- 9:15 AM ET: September Capacity Utilization; Briefing.com consensus 76.5%; prior 76.3%
- 4:00 PM ET: August Net Long-Term TIC Flows; prior -$27.9B