Jan 13 (Reuters) – U.S. stock index futures pared declines on Tuesday after core consumer prices for December came in cooler than expected. A Labor Department report showed that the Consumer Price Index rose 0.3% on a monthly basis in December versus a 0.3% increase forecast by economists polled by Reuters. It stood at 2.7% […]
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Wall St futures pare declines after December inflation data
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Jan 13 (Reuters) – U.S. stock index futures pared declines on Tuesday after core consumer prices for December came in cooler than expected.
A Labor Department report showed that the Consumer Price Index rose 0.3% on a monthly basis in December versus a 0.3% increase forecast by economists polled by Reuters. It stood at 2.7% on a year-on-year basis, compared with an estimated 2.7% rise.
The core figure, excluding volatile food and energy components, rose 0.2% on a monthly basis, compared with expectations for a 0.3% advance. It came in at 2.6% on a year-on-year basis, versus an estimated 2.7% increase.
At 8:31 a.m., Dow E-minis were up 75 points, or 0.15%, S&P 500 E-minis were up 15.5 points, or 0.22%, and Nasdaq 100 E-minis were up 55.5 points, or 0.21%.
(Reporting by Pranav Kashyap; Editing by Maju Samuel)