"Stock Market Futures Fall Amid Inflation and Jobs Data"
Dow Jones futures, S&P 500 futures, and Nasdaq futures turned higher on the PPI inflation report, erasing modest losses. Nvidia and Microsoft are in focus with new price target hikes. The March PPI rose 0.2%, below expectations, and initial jobless claims fell to 211,000. In Wednesday's stock market trading, the Dow Jones index fell 1.1% to a two-month low as consumer inflation came in hotter than expected, putting the stock market rally under pressure. Nvidia stock rose after a price target raise, while Microsoft stock edged higher. Amazon CEO Jassy pledged to continue cost cuts and push into artificial intelligence, and in biotech news, Vertex Pharmaceuticals announced a takeover deal for Alpine Immune Sciences, while Regeneron Pharmaceuticals fell after the Justice Department accused it of overcharging Medicare.
