US equity futures pare gains ahead of PPI report-check out the S+P 500

As the morning has unfolded the gains seen across the US equity futures have now dissipated somewhat. All three indexes are still pricing a higher opening just now, but certainly not a high as earlier this morning. The S+P 500 was pricing that opening close to 5,875. The index had closed last night at 5,836.22, with a gain of just 9.18 points on the day. It was clearly held back by underperformance in the Nasdaq 100. The S+P 500 future is seemingly paring gains ahead of the US PPI report this afternoon, as of course that data will arrive before the index reopens an hour afterwards. The S+P 500 is right now priced to reopen around 5,850