US stock futures take a hit as PPI surprises to the upside

There have been a number of immediate reactions to the higher than forecast US PPI data and those involve the treasury market, Gold, the dollar and stock futures. The US stock futures have all fallen back following the series of higher prints on all aspects of the PPI report. The Dow Jones futures were already in the red today and this news has sent them abruptly lower. The index was priced to reopen at around 38,725. It is now priced to reopen close to 38,625. The S+P 500 and Nasdaq 100 futures are lower too and the S+P is now in negative territory as well.