U.S. stock futures mixed, yields rise after data

U.S. equity index futures mixed after CPI, jobless claims

  

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U.S. STOCK FUTURES MIXED, YIELDS RISE AFTER DATA (0845 EDT/1245 GMT)

In the wake of latest reads on U.S. inflation, and jobless claims, U.S. equity index futures are mixed, with just modest changes.

May headline CPI month-over-month came in at 0.6% vs a 0.4% estimate. Year-over-year the print was 5.0% vs a 4.7% estimate.

Initial jobless claims for the week ending June 5 were 376k vs a 370k estimate.

Based on premarket futures action, the S&P 500 index looks open around flat. That said, amid moribund historical volatility, the SPX still appears ripe to rumble one way or the other. With Wednesday's close, the SPX is on track for its tightest weekly range as a percentage of the prior week's close since mid-October 2017. 

Meanwhile, the U.S. 10-Year Treasury yield, after hitting a fresh 5-week low Wednesday at 1.4720%, has risen to around 1.53%.

Here is your premarket snapshot:

(Terence Gabriel)

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(Terence Gabriel is a Reuters market analyst. The views expressed are his own)


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