The S&P 500 futures currently trade 34 points below fair value.
Total PPI was up 0.4% month-over-month in August (Briefing.com consensus: 0.4%) following an upwardly revised 0.1% increase (from 0.0%) in July.
Core PPI, which excludes food and energy, increased 0.2% month-over-month (Briefing.com consensus: 0.3%) following an upwardly revised 0.3% increase (from 0.2%) in July.
Initial jobless claims for the week ending September 5 decreased by 1,000 to 206,000 (Briefing.com consensus: 208,000) from the upwardly revised prior level of 207,000 (from 206,000).
Continuing jobless claims for the week ending August 29 decreased by 1,000 to 1.774 million from the downwardly revised prior level of 1.775 million (from 1.779 million).