Stock Market Update

The S&P 500 futures are flat and are trading in-line with fair value, the Nasdaq 100 futures are down 20 points and are trading 0.1% below fair value, and the Dow Jones Industrial Average futures are up 96 points and are trading 0.2% above fair value. 

Total PPI was rose 0.2% in October (Briefing.com consensus 0.2%) following a 0.1% increase in September (revised from 0.0%). Core-PPI, which excludes food and energy, increased 0.3% in October (Briefing.com consensus 0.3%) following a 0.2% increase in September.

Weekly initial jobless claims totaled 217,000 (Briefing.com consensus 220,000) and last week's total was 221,000. Continuing claims came in at 1.873 million and last week's total was revised to 1.884 million (from 1.892 million).