The market is set to sag, with Dow Jones Industrial futures falling 32 points for the June contract to 10, 844, as import and export prices show signs of inflation and jobless claims fail to fall as expected.
First-time claims for unemployment insurance were 444,000 last week, the U.S. Department of Labor reported, 4,000 more than expected and but below the upwardly revised 448,000 for the prior week.
U.S important prices, meanwhile, rose 0.9% in April from March, the Department said, ahead of expectations for a 0.7% increase. The rise showed a 2.3% increase in fuel prices, with everything else rising half a percent.
Happily, U.S. export prices also rose more than expected, by 1.2% versus the 0.7% expected.
S&P 500 futures, meantime, are down 3 points at 1,166.80.
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