Economic Data Better Than Expected, Futures Pop

Equity futures popped this morning after the May Producer Price Index (

) and May advance retail sales came in better than investors had feared, sending stocks soaring this morning. The May PPI came in at 0.2%, versus estimates of 0.1%. The PPI rose 7.3% year over year, versus estimates of 6.8%. Excluding food and energy, PPI rose 0.2%, inline with estimates. May advance retail sales, were down, but came in better than expected. May retail sales fell 0.2%, versus economists estimates of a 0.5% drop. Excluding autos, May retail sales rose 0.3%, versus estimates of 0.2%. Equity futures popped after the worries were relieved. At last check, Dow futures are up 91 points, S&P 500 futures are up 12.9 points and NASDAQ futures are up 18.75 points.