Stock Market Update
30-Sep-26 08:40 ET
Futures point to modestly higher open after economic data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +24.00. Nasdaq futures vs fair value: +68.00.
The S&P 500 futures now trade 24 points above fair value following this morning's data dump.
Just released, personal income increased 0.2% month-over-month in August (Briefing.com consensus 0.4%), from a downwardly revised prior increase of 0.3% (from 0.4%).
Personal spending rose 0.9% (Briefing.com consensus 0.7%), from a downwardly revised previous increase of 0.1% (from 0.2%).
The PCE Price Index rose 0.3% in August (Briefing.com consensus 0.4%), from a downwardly revised prior increase of 0.1% (from 0.2%).
The Core PCE Price Index, which excludes food and energy, rose 0.2% (Briefing.com consensus 0.3%), from a downwardly revised prior increase of 0.1% (from 0.2%).
The third estimate of Q2 GDP was revised up to 2.2% from the second estimate of 1.5% (Briefing.com consensus 1.5%).
The GDP Chain Deflator was revised down to 6.1% from the second estimate of 6.4% (Briefing.com consensus 6.3%).
Advance Retail Inventories increased by 0.3% in August, from the upwardly revised previous increase of 0.8% (from 0.7%).
Advance international trade in goods showed the deficit widening to $132.6 billion in August, from a prior deficit of $118.8 billion.
Advance wholesale inventories increased by 0.7% in August, from the prior increase of 1.3%.
