Wall St set to open higher as producer prices ease

U.S. stock index futures continue to rise as new data on producer prices points to a cooling inflation trend in the world’s largest economy. This development raises hopes that the Federal Reserve will soon halt its monetary policy tightening measures.

As of 08:31 a.m. ET, Dow e-minis have climbed 76 points or 0.22%, S&P 500 e-minis have risen by 18 points or 0.4%, and Nasdaq 100 e-minis have surged by 120 points or 0.78%. These figures indicate a positive trend in the market. – Reuters