Futures suggest more market gains at open Stock futures are higher once again as the market tries to extend its gains from yesterday. Investors will be watching the consumer prices report due out at 8:30 am ET for clues on inflation, which is a data point the Fed watches closely to gauge its interest rate policy. In early trading, Dow futures are 76 points above fair value, Nasdaq futures are 18 points above fair value and S&P futures are 7 points above fair value.
U.S. CPI Preview U.S. CPI Preview: October CPI is out Tuesday and should show a 0.1% (median 0.2%) headline increase with an accompanying 0.1% (median 0.2%) increase for the core. This comes on the heels of a 0.2% headline decline in September and a 0.2% increase for the core in that month. Data in line with this forecast would leave the headline flat y/y and the core figure at 1.8% y/y.