The S&P 500 futures currently trade nine points above fair value.
Just released, the Producer Price Index for final demand decreased 0.3% month-over-month in June (Briefing.com consensus: 0.1%) following a downwardly revised 0.6% increase (from 1.1%) in May.
Core PPI, which excludes food and energy, rose 0.2% month-over-month (Briefing.com consensus: 0.4%) following a downwardly revised 0.1% increase (from 0.4%) in May.
The Empire State Manufacturing Index expanded to 15.6 in July (Briefing.com consensus 8.5), up from the previous reading of 5.7.