US STOCKS SNAPSHOT-Wall St futures pare declines after December inflation data
U.S. stock index futures saw a reduction in declines following December's inflation data, which revealed core consumer prices rose 0.3% monthly, aligning with forecasts. The year-on-year increase was 2.7%, matching estimates. The core figure, excluding food and energy, rose 0.2% monthly, slightly below the expected 0.3%, and 2.6% year-on-year versus an estimated 2.7%. As of 8:31 a.m., Dow E-minis were up 75 points (0.15%), S&P 500 E-minis up 15.5 points (0.22%), and Nasdaq 100 E-minis up 55.5 points (0.21%).
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 (YMcv1) were up 75 points, or 0.15%, S&P 500 E-minis (EScv1) were up 15.5 points, or 0.22%, and Nasdaq 100 E-minis (NQcv1) were up 55.5 points, or 0.21%.
