PPI Comes In Hotter Than Expected

July Producer Price Index (

) came in much hotter than expected, but the futures are not doing much of anything after the release. For July, PPI rose 0.2%, versus estimates of 0.0%. Core PPI rose 0.4%, versus estimates of 0.2%. Dow futures are up 29 points, NASDAQ futures are off 2.5 points and S&P 500 futures are up 3 points.