Stock Futures Muted Amid Producer Price, Retail Sales Data

The producer price index (PPI) showed the highest 12-month increase ever recorded

Deputy Editor
Jun 15, 2021 at 9:28 AM
facebook twitter linkedin

Stocks are flat ahead of the bell today. Dow Jones Industrial Average (DJI) and Nasdaq-100 (NDX) futures are both just below breakeven, while S&P 500  (SPX) futures are clinging to positive territory, looking to build on yesterday's record close. Meanwhile, investors are unpacking a wealth of economic data this morning, including retail sales, which fell a worse-than-expected 1.3%. The producer price index (PPI) showed the highest 12-month increase ever recorded, rising 6.6% in May, and posted a 0.8% monthly rise. Looking ahead, all eyes will be on the Federal Reserve's two-day meeting. 

Continue reading for more on today's market, including:

  • Outperforming Yeti stock could continue climbing. 
  • Checking in on NUE amid its bearish options surge
  • Plus, SAGE plummets after drug trial; Analyst sees upside for XOM; and VRM looks to snap win streak. 

futures 0615

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 2.2 million call contracts traded on Monday, and 811,038 put contracts. The single-session equity put/call ratio fell to 0.36 and the 21-day moving average dropped to 0.47.
  2. The shares of Sage Therapeutics Inc (NASDAQ:SAGE) are down 12.2% before the open. The company's depression drug, Zuranolone, which it's creating with Biogen (BIIB), met its late-stage goal. However, several concerns have been raised about the clinical significance of the drug. Year-to-date, SAGE has shed 15%.
  3. Exxon Mobil Corp (NASDAQ:XOM) stock is up 1% in electronic trading, after Credit Suisse raised its price target to $72 from $69. Bank of America also reiterated its "buy" rating on the stock, amid the company's cost-cutting measures and a rebound in oil prices. Over the past 12 months, Exxon Mobil stock has tacked on 31%.
  4. The shares of Vroom Inc (NASDAQ:VRM) are down 6.2% pre-market, after the auto e-commerce platform announced plans to offer $500 million in convertible senior notes due in 2026. If these losses hold, VRM is firmly on track to snap a three-day win streak. VRM has struggled to maintain any momentum in 2021, but remains just above its year-over-year breakeven mark.
  5. Today will feature the Empire state manufacturing index, industrial production data, business inventories, and the NAHB home builders' index. 


European, Asian Markets Digest U.S. Data

Stocks in Asia were mixed, with the Shanghai Composite in China and the Hong Kong Hang Seng reopening to losses on Tuesday, dropping 0.9% and 0.7% respectively, after a multi-day hiatus. Investors overseas eyed record closes for multiple major indexes in the U.S., injecting some optimism into markets. The Japanese Nikkei added 1%, and the South Korean Kospi rose 0.2%.

Over in Europe, markets are headed higher, while traders look ahead toward the U.S. Federal Reserve two-day meeting, which is due out later today. The French CAC 40 is sporting a 0.5% lead, the German DAX is up 0.6%, and the London FTSE is registering a 0.5% gain.


Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!