Stock Market Update

The S&P 500 futures currently trade two points above fair value.

Just released, the Empire State Manufacturing Index expanded 11.0% April (Briefing.com consensus 0.0) from a downwardly revised prior decrease of -0.2% (from 0.0%).

Import prices increased 0.8% in March following a downwardly revised prior increase of 0.9% (from 1.3%).

Excluding oil, import prices increased 0.6% after a downwardly revised previous increase of 0.8% (from 1.1%).

Export Prices increased 1.6% in March following an upwardly revised prior increase of 1.9% (from 1.5%).

Excluding agriculture, export prices increased 1.7% after an upwardly revised previous increase of 2.1% (from 1.7%).