Stock Market Update
13-Jan-26 09:10 ET
Futures point to slightly higher open
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +7.00. Nasdaq futures vs fair value: +18.00.
The S&P 500 futures currently trade seven points above fair value.
Total CPI was up 0.3% month-over-month in December (Briefing.com consensus 0.3%) after increasing 0.2% in November. Core CPI, which excludes food and energy, was up 0.2% (Briefing.com consensus 0.3%) after increasing 0.2% in November.
On a year-over-year basis, total CPI was up 2.7% versus 2.7% in November, while core CPI was up 2.6% versus 2.6% in November.
The key takeaway from the report is that core CPI was a touch cooler than expected, which prevented the year-over-year rate from rising. While this is a small victory, it is a welcome sight for a market that hopes to see some more future disinflation that would encourage the Fed to keep cutting rates.
