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2021-06-11

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Stock futures flat after S&P 500 hits new high, despite rising inflation, Most of meme stocks rally

(June 11) U.S. stock futures were flat early Friday morning after theS&P 500hit a new high during re

Stock futures flat after S&P 500 hits new high, despite rising inflation, Most of meme stocks rally

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The S&amp;P 500 ended the day up 0.47% at 4,239.18. The Nasdaq Composite ended the day up 0.78% at 14,020.33.</p>\n<p>The Labor Department reported consumer price index data on Thursday, showing inflation isrising at its fastest pace since 2008as the economy rebounds from the pandemic-related recession.</p>\n<p>The CPI represents a basket including food, energy, groceries and prices across a spectrum of goods, and jumped 5% in May from a year earlier.</p>\n<p>Markets shrugged off the news, however.</p>\n<p>\"A significant degree of this inflation may prove transitory as nearly half of the above-average spike in inflation comes from the base effects of last year's weakened economy and even supply shortages should prove transitory as companies increase productivity and begin to meet pent-up demand,\" Jason Pride, CIO of private wealth at Glenmede.</p>\n<p>Separately, initial jobless claims for the week ended June 5 came in at 376,000 — the lowest tally of the Covid pandemic — according to a separate Labor Department report released Thursday.</p>\n<p>Most&nbsp;of&nbsp;meme&nbsp;stocks&nbsp;rally&nbsp;in&nbsp;premarket&nbsp;trading&nbsp;Friday.&nbsp;Some&nbsp;Blockchain&nbsp;stocks&nbsp;rally.</p>\n<p><img src=\"https://static.tigerbbs.com/1cd12d108f8aeac1aebae5eacdd69d60\" tg-width=\"311\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/9e59f9a1803d88f71ef4ed758a22ffa7\" tg-width=\"306\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The S&amp;P 500 ended the day up 0.47% at 4,239.18. The Nasdaq Composite ended the day up 0.78% at 14,020.33.</p>\n<p>The Labor Department reported consumer price index data on Thursday, showing inflation isrising at its fastest pace since 2008as the economy rebounds from the pandemic-related recession.</p>\n<p>The CPI represents a basket including food, energy, groceries and prices across a spectrum of goods, and jumped 5% in May from a year earlier.</p>\n<p>Markets shrugged off the news, however.</p>\n<p>\"A significant degree of this inflation may prove transitory as nearly half of the above-average spike in inflation comes from the base effects of last year's weakened economy and even supply shortages should prove transitory as companies increase productivity and begin to meet pent-up demand,\" Jason Pride, CIO of private wealth at Glenmede.</p>\n<p>Separately, initial jobless claims for the week ended June 5 came in at 376,000 — the lowest tally of the Covid pandemic — according to a separate Labor Department report released Thursday.</p>\n<p>Most&nbsp;of&nbsp;meme&nbsp;stocks&nbsp;rally&nbsp;in&nbsp;premarket&nbsp;trading&nbsp;Friday.&nbsp;Some&nbsp;Blockchain&nbsp;stocks&nbsp;rally.</p>\n<p><img src=\"https://static.tigerbbs.com/1cd12d108f8aeac1aebae5eacdd69d60\" tg-width=\"311\" tg-height=\"408\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/9e59f9a1803d88f71ef4ed758a22ffa7\" tg-width=\"306\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160039743","content_text":"(June 11) U.S. stock futures were flat early Friday morning after theS&P 500hit a new high during regular trading, despite hotter-than-expected inflation data.\nFutures tied to the Dow Jones Industrial Average gained 21 points while S&P 500 and Nasdaq-100 futures were close to flat.\nDuring the regular session, the Dow Jones Industrial Average rose 19 points, or 0.06% to 34,466.24. The S&P 500 ended the day up 0.47% at 4,239.18. The Nasdaq Composite ended the day up 0.78% at 14,020.33.\nThe Labor Department reported consumer price index data on Thursday, showing inflation isrising at its fastest pace since 2008as the economy rebounds from the pandemic-related recession.\nThe CPI represents a basket including food, energy, groceries and prices across a spectrum of goods, and jumped 5% in May from a year earlier.\nMarkets shrugged off the news, however.\n\"A significant degree of this inflation may prove transitory as nearly half of the above-average spike in inflation comes from the base effects of last year's weakened economy and even supply shortages should prove transitory as companies increase productivity and begin to meet pent-up demand,\" Jason Pride, CIO of private wealth at Glenmede.\nSeparately, initial jobless claims for the week ended June 5 came in at 376,000 — the lowest tally of the Covid pandemic — according to a separate Labor Department report released Thursday.\nMost of meme stocks rally in premarket trading Friday. Some Blockchain stocks rally.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":21,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}