Futures remain flat following economic reports

Stock futures have moved back towards fair value following the release of the producer price index and jobless claims reports. Producer prices fell 0.4% versus the expected decrease of 0.2%. The core reading, which excludes food and energy, increased 0.3% versus an expected increase of 0.2%. Initial jobless claims came in at 405K versus the expected 415K while there were 3.72M continuing claims versus the expected 3.68M. :theflyonthewall.com