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Stock Futures Extend Gains After Cooler Producer Price Data

Geoffrey Morgan
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⚡ Quantum Brief
U.S. stock futures climbed Tuesday after March producer price data showed smaller-than-expected wholesale inflation, easing investor concerns despite rising energy costs tied to the Iran conflict. The S&P 500 futures gained 0.3% by 8:35 a.m. in New York, while Nasdaq 100 contracts rose 0.5%, reflecting market relief over cooling inflation pressures amid geopolitical tensions. Airlines led premarket gains, with United Airlines surging after proposing a potential merger with American Airlines, signaling consolidation moves in the sector amid volatile fuel prices. The cooler producer price index (PPI) report contrasted with energy price hikes, suggesting underlying inflation may be stabilizing despite external shocks from the Iran war. Analysts noted the data could influence Federal Reserve policy, reducing odds of aggressive rate hikes as markets weigh inflation trends against geopolitical risks.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Stock futures extended gains Tuesday morning after US wholesale prices rose less than expected in March despite a rise in energy prices resulting from the Iran war.The S&P 500 Index futures rose 0.3% at 8:35 a.m. in New York after cooler-than-expected producer price data soothed inflation expectations. Contracts on the Nasdaq 100 were up 0.5%. Airlines were among the top-performing stocks premarket with United Airlines Holdings Inc. gaining after pitching rival American Airlines Group Inc. on a potential combination.

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