Wednesday May 14, 01:56 PM
U.S. stock futures turn higher after April CPI data
NEW YORK (Thomson Financial) - U.S. stock futures turned higher early Wednesday after the release of data showing that retail inflation was slightly less than expected.
S&P 500 futures were last up 5.70 points at 1,410.40 and Nasdaq 100 (NASDAQ: news) futures were rising 6.00 points to 2,012.00.
Just prior to the release of the data, S&P 500 futures were down around 1.90 points at 1,402.80 and Nasdaq 100 futures were down around 3.25 points at 2,002.75
The consumer price index for April was up 0.2%, vs. the median estimate of analysts surveyed by IFR Markets of a 0.3% rise, while core CPI (NYSE: CPY - news) , which excludes food and energy, ticked up 0.1% vs. an expected 0.2% increase.
Tomi Kilgore
tk1
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