Why are futures down on Thursday? Stronger-than-anticipated

Why are futures down on Thursday? Stronger-than-anticipated PPI data suggested sticky inflation. Market-implied Fed path adjusted toward an extended pause, hitting rate-sensitive sectors and dragging Nasdaq futures lower by triple digits. Reimer had been with the club for about a week with no assurances about his future. Anthony Stolarz is expected to carry the load for the Maple Leafs in Woll’s absence, while Hildeby could see some more action after the young goaltender played in six NHL games with the club last season. The S&P has made considerable gains in recent weeks, even though it historically underperforms during the summer months, underscoring a "persistent dynamic" in the stock market since late 2022, the analyst added. Why are futures down midweek? Investors rotated out of equities into bonds after 2-year yields touched 4.62%. This defensive move pushed E-mini S&P futures toward the week’s low, while interest rate futures priced out cuts in Q