What to Make of Last Week's SPX Pullback

Dow futures are up triple digits this morning

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Schaeffer's Opening View
9/14/2021
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Stock Futures Rise Following Upbeat Inflation Data


By: Jacob Scott

After initially struggling for direction, stock futures are turning higher this morning following the release of better-than-expected inflation data. According to the U.S. Labor Department, the consumer price index (CPI) rose 5.3% year-over-year, and 0.3% from July, both of which came in below Wall Street's expectations. In response, futures on the Dow Jones Industrial Average (DJI) are up triple digits, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are modestly higher as well.

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

  • Schaeffer's Senior V.P. of Research Todd Salamone revisits this key SPX channel.
  • Why call traders blitzed Carlyle stock yesterday.
  • Plus, unpacking Oracle's earnings; Apple's vaunted device reveal; and Piper Sandler reiterates its COIN rating. 
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