Stock Market Update

The S&P 500 futures are up ten points and are trading 0.2% above fair value, the Nasdaq 100 futures are up 55 points and are trading 0.2% above fair value, and the Dow Jones Industrial Average futures are up 80 points and are trading 0.3% above fair value.

Total CPI dropped 0.1% in June (Briefing.com consensus 0.1%) following a flat reading in May. Core-CPI, which excludes food and energy, was up 0.1% in June (Briefing.com consensus 0.2%) following a 0.2% increase in May.

Weekly initial jobless claims totaled 222,000 (Briefing.com consensus 234,000) following a revised count of 239,000 last week (from 238,000). Continuing claims came in at 1.852 million following last week's revised count of 1.856 million (from 1.858 million).