Why are futures down today? A surprise rise in China’s

Why are futures down today? A surprise rise in China’s factory-gate inflation stirred fears of commodities-led cost pressures. This pushed S&P 500 futures down 0.5% as investors recalibrated earnings forecasts for multinational industrial firms. This article originally appeared on MMA Junkie: UFC 320: Alex Pereira explains aborted plan to call out Jon Jones Bitcoin ( BTC-USD ) climbed over 3% on Wednesday and briefly topped $118,000 in afternoon trading as investors saw the crypto as benefiting from seasonal tailwinds and the uncertainty surrounding the government shutdown. Why are futures down despite upbeat GDP data? Traders focused on upticks in core inflation metrics within the GDP report, re-pricing the Fed’s rate path and sparking a pullback in Nasdaq futures.