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 down one point and are trading roughly in line with fair value, and the Dow Jones Industrial Average futures are up 73 points and are trading 0.2% above fair value.

Import prices fell 0.3% in August following a 0.1% increase in July. Import prices, excluding oil, fell 0.1% in August following a 0.1% increase in July.

Export prices dropped 0.7% in August following a 0.5% increase in July (revised from 0.7%). Export prices, excluding agriculture, dropped 0.6% in August following a 0.8% increase in July (revised from 1.0%).