Stock Market Update

The S&P 500 futures are down 22 points and are trading 0.4% below fair value, the Nasdaq 100 futures are down 35 points and are trading 0.2% below fair value, and the Dow Jones Industrial Average futures are down 263 points and are trading 0.7% below fair value.

Import prices dropped 0.4% in May following a 0.9% increase in April. Import prices, excluding oil, dropped 0.3% in May following a 0.7% increase in April.

Export prices fell 0.6% in May following a 0.6% increase in April (revised from 0.5%). Export prices, excluding agriculture, fell 0.8% in May following a 0.9% increase in April.