US Futures Tick Up After Inflation Disappoints

REUTERSA trader in the Dow Jones Industrial Average stock index futures pit at the Chicago Board of Trade waves his hands to get the attention of fellow traders as he shouts orders.

U.S. stock futures are higher after the latest CPI report from the BLS showed that inflation increased less than expected in June.

Dow futures are up 59 points, S&P 500 futures are up 9 points, and Nasdaq futures are up 21 points.

It's also been a busy morning for earnings, with McDonald's results disappointing, while Coca-Cola's earnings per share beat expectations by a penny.

It's a busy day for economic data, with existing home sales data, as well as the latest manufacturing report from the Richmond Fed, due out at 10:00 am ET.

Activist investor Bill Ackman is also giving what he called "the biggest presentation of his career" this morning on Herbalife, a company he has been famously short for more than 18 months. In pre-market trading, Herbalife shares were down nearly 4%.

His presentation is expected to start at 9:15 am ET, and we'll be covering it live.

FinViz.com