PPI Comes In Hotter Than Expected

July Producer Price Index (PPI) 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.