Stock Market Update

The S&P 500 futures currently trade 38 points below fair value.

Just released, total CPI was up 0.6% month-over-month in April (Briefing.com consensus: 0.6%) following a 0.9% increase in March.

Core CPI, which excludes food and energy, was up 0.4% month-over-month (Briefing.com consensus: 0.4%) following a 0.2% increase in March.

Total CPI was up 3.8% year-over-year, versus 3.3% in March, and core CPI was up 2.8% year-over-year, versus 2.6% in March.