Stock Market Update

The S&P 500 futures are flat and are trading in line with fair value, the Nasdaq 100 futures are up nine points and are trading fractionally below fair value, and the Dow Jones Industrial Average futures are down 30 points and are trading 0.1% below fair value.

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