Stock Market Update

The S&P 500 futures currently trade in line with fair value.

Just released, the Producer Price Index for final demand increased 1.4% month-over-month in April (Briefing.com consensus: 0.4%) following an upwardly revised 0.7% increase (from 0.5%) in March.

The index for final demand, less foods and energy, rose 1.0% (Briefing.com consensus: 0.3%) following an upwardly revised 0.2% increase (from 0.1%) in March.

These changes left the index for final demand up 6.0% year-over-year, versus 4.3% in March, and the index for final demand, less foods and energy, up 5.2% year-over-year, versus 4.0% in March.