Stock futures jump after data dims fears of inflation overheating

By Kitco News / March 13, 2018 / www.kitco.com / Article Link

(Reuters) - U.S. stock index futures extended gains on Tuesday after data showed U.S. consumer prices cooled in February, the latest indication that an anticipated pickup in inflation probably will be only gradual.

At 8:31 a.m. ET, Dow e-minis 1YMc1 were up 122 points, or 0.48 percent, while S&P 500 e-minis ESc1 were up 14 points, or 0.5 percent. Nasdaq 100 e-minis NQc1 were up 28.25 points, or 0.4 percent.

Ahead of the data, released at 8:30 a.m. ET, Dow e-minis were up 29 points, S&P 500 e-minis were up 3.75 points and Nasdaq 100 e-minis were up 3.5 points.

Reporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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