Slew of Economic Data Sends Stock Futures Lower

Stock futures are modestly lower this morning, as Wall Street digests a surprisingly soft wholesale inflation reading and steady jobless claims data. Futures on the Dow Jones Industrial Average (DJI) are down triple digits, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also in the red.

The producer price index (PPI) fell 0.5% in April, refuting expectations of a 0.3% rise. The decline was driven by a historic 0.7% drop in services prices -- the sharpest since tracking began in 2009 -- along with a steep slide in trade margins. Meanwhile, weekly jobs data held steady at 229,000, slightly above estimates, while continuing claims rose to 1.88 million. Retail sales, meanwhile, rose of 0.1%, sharply lower to March's 1.7% increase.

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

• 2 nuclear stocks quietly leading the market.
• This auto stock just lost Jefferies' confidence.
• Plus, WMT rises after earnings beat; FL soars on buyout news; and CRWE tanks post-IPO earnings.

5 Things You Need to Know Today

1. The Cboe Options Exchange (CBOE) saw more than 2.4 million call contracts and over 1 million put contracts exchanged on Wednesday. The single-session equity put/call ratio fell to 0.41, while the 21-day moving average stayed at 0.59.
2. Walmart Inc (NYSE:WMT) is up 2.3% premarket, after the retail giant topped fiscal first-quarter earnings expectations with adjusted earnings of 61 cents per share. Revenue rose 2.5% year-over-year to $165.6 billion, roughly in line with estimates. Walmart also maintained its full-year outlook. Year over year, WMT is up 61.8%.
3. Foot Locker Inc (NYSE:FL) is soaring 83% before the bell, after Dick’s Sporting Goods (DKS) confirmed it will acquire the sneaker retailer for $2.4 billion, or $24 per share. Foot Locker closed Wednesday at $12.87 and was down 41% year to date heading into today. Dick’s is down 8% premarket. Since the start of 2025, FL has shed 40.9%.
4. CoreWeave Inc (NASDAQ:CRWV) is up 1.5% in electronic trading, though earlier carried steep pre-market losses, following its first earnings report since going public in March. The company posted better-than-expected revenue of $981.6 million, but its wider-than-expected $1.49 per-share loss and higher capital spending forecast weighed on the stock. CRWV is up 81.9% this quarter.
5. There's more than just CPI data due out this week.

U.K. Posts Stronger-Than-Expected GDP

Asian markets finished lower across the board as U.S.-China trade remains in focus. For the session, Hong Kong’s Hang Seng shed 0.8%, China’s Shanghai Composite and South Korea’s Kospi both lost 0.7%, and Japan’s Nikkei fell 1%.

In Europe, sentiment is mixed, with a slew of corporate earnings in focus as well as U.K.-Europe negotiations. The U.K. economy posted fourth-quarter gross domestic product (GDP) growth of 0.7%, much stronger than expected. At last check, London’s FTSE 100 is up 0.2%, Germany’s DAX is flat, and France’s CAC 40 is 0.2% lower.