U.S. Stock Futures Fluctuate as Producer Price Index Rises 3.3%

Friday, Aug 15, 2025 6:50 am ET1min read

U.S. stock futures are mixed on Friday, following a hot Producer Price Index report that raised questions about September's rate cuts. Futures of major benchmark indices are mixed, with the Dow Jones up 0.68%, S&P 500 up 0.08%, Nasdaq 100 down 0.15%, and Russell 2000 up 0.20%. Intel CEO Lip-Bu Tan is under pressure to resign after meeting with President Donald Trump. The 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.72%. Markets are pricing a 92.6% likelihood of the Federal Reserve cutting interest rates for the Sept. 17 decision.

U.S. stock futures are mixed on Friday, following a hotter-than-expected Producer Price Index (PPI) report that raised questions about the Federal Reserve's September rate cut plans. Futures of major benchmark indices are trading narrowly, with the Dow Jones up 0.68%, the S&P 500 up 0.08%, the Nasdaq 100 down 0.15%, and the Russell 2000 up 0.20% [1].

The PPI report, which measures wholesale prices, rose 0.9% in July from June, when it was unchanged. This was above the 0.2% economists polled by Dow Jones had expected and the largest monthly gain since June 2022. The jump was partly due to tariffs, economists said, making a September rate cut more uncertain [2].

Intel CEO Lip-Bu Tan is under pressure to resign after meeting with President Donald Trump. The Trump administration is discussing taking as much as an 8.9% stake in the chipmaker [1].

The 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.72%. Markets are pricing a 92.6% likelihood of the Federal Reserve cutting interest rates for the Sept. 17 decision [1].

Before the market opens, investors will see July retail sales for clues as to whether consumer spending is slowing. The July US retail sales are expected to climb +0.6% m/m and retail sales ex-autos are expected to rise +0.3% m/m [1].

References:
[1] https://finance.yahoo.com/news/stocks-mixed-hot-ppi-report-155055508.html
[2] https://www.usatoday.com/story/money/markets/2025/08/15/us-stocks-retail-sales-intel-friday/85668730007/

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