DJIA 0.31% 26,683 dow jones industrials

futures drop as ppi clouds rate cut picture

  1. 54,091 Posts.
    lightbulb Created with Sketch. 108
    NEW YORK, Feb 26 (Reuters) - U.S. stock futures dropped as
    a report showing a stronger-than-expected uptick in January
    producer prices fanned fears that the U.S. Federal Reserve
    could be forced to step back from slashing interest rates
    because of menacing inflation.

    S&P 500 futures fell 7.75 points, and were below
    fair value, a mathematical formula that evaluates pricing by
    taking into account interest rates, dividends and time to
    expiration on the contract.

    Dow Jones industrial average futures dropped 52
    points, and Nasdaq 100 futures slid 7.3 points.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.