US Futures Extend Losses After August PPI Data
Stock futures extended losses on Thursday after a Labor Department report showed the Producer Price Index rose more than expected in August. The annual PPI increase reached 5.4 percent, surpassing estimates.
S&P 500 and Nasdaq futures fell in Thursday morning trading following a hotter-than-expected inflation report from the United States. The drop deepened overnight losses as investors assessed new Federal Reserve policy risks.
