Stock Market Update
16-Oct-26 09:23 ET
Still mixed after econ data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +14.00. Nasdaq futures vs fair value: -145.00.
September industrial production accelerated more than expected, with the prior month also revised slightly higher, while capacity utilization topped estimates, and its prior reading was raised. The report points to broader strength across manufacturing, mining, and utilities without fully stretched industrial resources, as utilization remained below its long-run average. S&P 500 futures remain modestly higher and Nasdaq 100 futures remain lower, indicating a limited response to the data.
On the data front:
- September Industrial Production 0.7% vs. 0.4% Briefing.com consensus; prior revised to 0.1% from 0.0%
- September Capacity Utilization 76.9% vs. 76.5% Briefing.com consensus; prior revised to 76.4% from 76.3%
