Infrogmation of New Orleans / Wikimedia Commons / CC BY-SA 4.0
NEW YORK – The October inflation report arrives at 8:30am Eastern time today, and stock futures were mixed ahead of it after Monday’s rally. Delayed quotes from around 7:48am Eastern showed Dow futures up 0.3%, S&P 500 futures little changed and Nasdaq-100 futures down about 0.5%.
The Bureau of Labor Statistics releases the October Consumer Price Index at 8:30am, according to its schedule. The bureau says it was unable to publish October 2025 indexes for most CPI series during last year’s funding lapse, so over-the-year comparisons cannot be produced for those series in this report. The last full reading, for September, showed prices up 0.6% for the month and 3.7% over 12 months, with gasoline prices jumping 9.1% in that month alone.
Monday gave the market plenty to digest. The Dow Jones Industrial Average surged 1,104 points, or 2.2%, to close at 52,389.75, the S&P 500 rose 2.3% to 7,549.94 and the Nasdaq Composite gained 2.7% to 25,253.14, while oil prices also fell.
The oil slide continued overnight. U.S. crude futures were down 2.0% to $85.15 a barrel in a delayed quote from 7:48am Eastern.
Nvidia fell 4.3% on Monday, in contrast to the broader market rally. The company’s board said Sunday it has opened an independent investigation into reports that chief executive Jensen Huang was the target of a foreign intelligence effort, adding that it has “no reason to believe that either national security or NVIDIA secrets were compromised.”
Gold futures were down 0.7% to $4,084.20 an ounce in a delayed quote from 7:48am Eastern. The 10-year Treasury yield stood at 4.89% as of 7:57am Eastern.
What it means for you: Today’s 8:30 report measures what you actually pay for groceries, gas and rent, and can affect the outlook for interest rates and borrowing costs. Prices were rising 3.7% a year as of the last full report, faster than the Federal Reserve likes, and September’s jump in gasoline prices was the biggest driver. Lower crude prices can ease pressure on fuel costs if the decline holds, though retail gasoline prices do not move in lockstep with oil futures.
JBizNews Desk | Wall Street
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