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NASDAQ 100 futures benefit from in-line CPI print
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FXStreet Forex & Commodities News
Inflation in the United States (US) is under control at the moment, and that fact is boosting the NASDAQ 100 futures in Wednesday's premarket.
The growth index has gained 0.75% following the US Consumer Price Index (CPI) print for July, which came out one hour before the regular open.
The headline CPI fell to 3.4%, in line with prior estimates and down from June's 3.5% reading.
Also, as expected, annual core CPI fell from 2.6% to 2.5%.
Nvidia (NVDA) rose 1.6% in the premarket on the news, while memory chip companies Sandisk (SNDK) and Micron (MU) jumped 5% and 3% as well.